Assume the Following Information: You Have $1,000,000 to Invest

question 43

Multiple Choice

Assume the following information: You have $1,000,000 to invest:
If you use covered interest arbitrage for a 90-day investment, what will be the amount of U.S. dollars you will have after 90 days?

• A) $1,020,500.
• B) $1,045,600.
• C) $1,073,330.
• D) $1,094,230.
• E) $1,116,250.

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