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According to covered IRP, if i$ > i, A. We should borrow to invest in the US B. We should borrow $ to invest in

According to covered IRP, if i$ > i,

A.

We should borrow to invest in the US
B.

We should borrow $ to invest in the UK
C.

An arbitrage equilibrium exists
D.

An arbitrage opportunity may or may not exist

E.

Both B and C

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