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The formula ih-if = -5% for 90 day interest rates between two countries. h= home, 1': foreign. Forthere to be no covered interest rate arbitrage

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The formula ih-if = -5% for 90 day interest rates between two countries. h= home, 1': foreign. Forthere to be no covered interest rate arbitrage opportunity, the 90 day forward exchange rate must be Group of answer choices -5% discount Greater than -5% Less than 5% 5% premium

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