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About covered interest. Interest rate in Cambodia is 12%, in Nigeria is 10%, spot rate is 2.30 and forward rate is 1.25. 1. If Ivan

About covered interest. Interest rate in Cambodia is 12%, in Nigeria is 10%, spot rate is 2.30 and forward rate is 1.25. 1. If Ivan invest 1,000,000of his money in Cambodia in his home country, how much did he gain or loss? 2. If he converts it to Nigerian money how much he gained/loss? 3. If he will go back to his home country from Cambodia to Nigeria, how much is the conversion of his currency? Did he gained or loss? Include the computation.

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