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2. Assume the following information: Current spot rate of New Zealand dollar Forecasted spot rate of New Zealand dollar 1 year from now One-year forward

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2. Assume the following information: Current spot rate of New Zealand dollar Forecasted spot rate of New Zealand dollar 1 year from now One-year forward rate of the New Zealand dollar Annual interest rate on New Zealand dollars Annual interest rate on U.S. dollars III $.41 $.43 $.42 9% Given the information in this question, the return from covered interest arbitrage by U.S. investors with $500,000 to invest is what percent

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