ssume the following information: Current spot rate of New Zealand dollar $.6686 Forecasted spot rate of New Zealand dollar 1 year from now $.7012 One-year forward rate of the New Zealand dollar $.6849 Annual interest rate on New Zealand dollars 5% Annual interest rate on U. S. dollars 6% Compute the return from covered interest arbitrage by a U. S. investor with $1000 to invest. Group of answer choices 5.00% 8.58% 7.55% 6.00% 2.55 %

Manipulation manufacturing's (amm) standards anticipate that there will be 5 pounds of raw material used for every unit of finished goods produced. amm began the month of maymay with 8,000 pounds of raw material, purchased 25,500 pounds for $ 15,300 and ended the month with 7,400 pounds on hand. the company produced 4,9004,900 units of finished goods. the company estimates standard costs at $ 1.10 per pound. the materials price and efficiency variances for the month of maymay were: