Assume that the annualized discount on forward Canadian dollars is 3 percent. The annualized U.S. interest rate
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Assume that the annualized discount on forward Canadian dollars is 3 percent.
The annualized U.S. interest rate is 8 percent, and the comparable Canadian interest rate is 12 percent. How can a U.S. trader use covered interest arbitrage to take advantage of this situation? L012
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