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) $1,024,000.
B) $1,030,000.
C) $1,040,000.
D) $1,034,000.
E) none of the above

Question

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) $1,024,000. 
B) $1,030,000. 
C) $1,040,000. 
D) $1,034,000. 
E) none of the above

Quizplus · Accepted Answer

The Answer of 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) $1,024,000. 
B) $1,030,000. 
C) $1,040,000. 
D) $1,034,000. 
E) none of the above

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