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Amount of australian dollars

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You have A$1008514.1 to invest. Current spot rate of pound is A$1.32. 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 4.28%

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?

Reference no: EM133074134

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