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A foreign exchange trader can invest US $3.2 million, or the foreign currency equivalent in a covered interest arbitrage. Using the following quotes, should the

A foreign exchange trader can invest US $3.2 million, or the foreign currency equivalent in a covered interest arbitrage. Using the following quotes, should the trader make a covered interest arbitrage and if so, how much profit would the trade generate? Round to the nearest dollar. Yes; $40,960 Yes; $55,040 No: $0 Yes; $5,120 Yes; $18,880

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