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You have A$1149420.4 to invest. Current spot rate of pound is A$1.34. 90-day forward rate of pound is A$1.27. 90-day deposit rate in U.S. is

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You have A\$1149420.4 to invest. Current spot rate of pound is A\$1.34. 90-day forward rate of pound is A\$1.27. 90-day deposit rate in U.S. is 3% and 90 -day deposit rate in Great Britain is 4.01% If you use covered interest arbitrage for a 90-day investment, what will be the amount of Australian dollars you will have after 90 days? a. 1259406.53 b. 1133060.03 c. 1263406,53 d. 1261406.53

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