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4. Problem 7.07 (Covered Interest Arbitrage) Algo Assume the following information: Given this information, is covered interest arbitrage worthwhile for Mexican investors who have pesos

image text in transcribed 4. Problem 7.07 (Covered Interest Arbitrage) Algo Assume the following information: Given this information, is covered interest arbitrage worthwhile for Mexican investors who have pesos to invest? Explain your answer. Do not round intermediate calculations. Round your answer to one decimal place. Covered interest arbitrage worthwhile for Mexican investors because Mexican investors would generate a yield of \%, which their domestic yield

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