You have to invest $1000. The current ask quote for Australian dollars in the spot market is $0.71. The current bid quote for Australian dollars in the spot market is $0.70. The one-year forward rate for Australian dollars if $0.71. The one year forward rate for Australian dollars is $0.70. The one-year U.S interest rate is 7%. The one-year Australian interest rate is 9%. Covered interest arbitrage must be conducted! What US dollar amount will you have after ine year?