Question: Use the information below to answer the following question. Exchange Rate Interest Rate (% p.a) S0($/) $1.70= 1.00 i$ =2% F360($/) $1.68=1.00 i=4% If you

Use the information below to answer the following question.
Exchange Rate
Interest Rate (% p.a)
S0($/)
$1.70= 1.00
i$ =2%
F360($/)
$1.68=1.00
i=4%
If you had 1,000,000 and traded it for USD at the spot rate, how many USD will you get?
Select one:
a. $1,040,000
b. $1,680,000
c. $1,700,000
d. $1,020,000

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