. Assume the following information: U. S. investors have $1,000,000 to invest 1-year deposit rate offered on U. S. dollars = 12% 1-year deposit rate offered on Singapore dollars = 10% 1-year forward rate of Singapore dollars = $.412 Spot rate of Singapore dollar = $.400 Given this information: A) interest rate parity exists and covered interest arbit¬rage by U. S. investors results in the same yield as investing domestically. B) interest rate parity doesn’t exist and covered interest arbitrage by U. S. investors results in a yield above what is possible domestically. C) interest rate parity exists and covered interest arbit¬rage by U. S. investors results in a yield above what is possible domesti¬cally. D) interest rate parity doesn’t exist and covered interest arbitrage by U. S. investors results in a yield below what is possible domestically.