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41.Assume the following information: Spot rate today of Swiss franc=$.60 1-year forward rate as of today for Swiss franc=$.63 Expected spot rate 1 year from

41.Assume the following information:

Spot rate today of Swiss franc=$.60

1-year forward rate as of today for Swiss franc=$.63

Expected spot rate 1 year from now=$.64

Rate on 1-year deposits denominated in Swiss francs=7%

Rate on 1-year deposits denominated in U.S. dollars=9%

From the perspective of a U.S. investor with $1,000,000, covered interest arbitrage would yield a rate of return of

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