​Assume the Following Information: You Have $900,000 to Invest

Multiple Choice

​Assume the following information: You have $900,000 to invest:
Current spot rate of Australian dollar (A$)
=
$) 62
180-day forward rate of the Australian dollar
=
$) 64
180-day interest rate in the United States
=
3) 5%
180-day interest rate in Australia
=
3) 0%
​
If you conduct covered interest arbitrage, what is the dollar profit you will have realized after 180 days?

A) ​$56,903
B) ​$61,548
C) ​$27,000
D) ​$31,500