Business, 06.03.2020 02:40 tyryceschnitker

Assume the following information: Current spot rate of Australian dollar = $.64 Forecasted spot rate of Australian dollar 1 year from now = $.59 1-year forward rate of Australian dollar = $.62 Annual interest rate for Australian dollar deposit = 9% Annual interest rate in the U. S. = 6% Given the information in this question, the return from covered interest arbitrage by U. S. investors with$500,000 to invest is how many percent?

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Assume the following information: Current spot rate of Australian dollar = $.64 Forecasted spot rate...

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