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An investor placed GBP 1,000,000 in an investment in the UK. The spot rate of CAD is 0.44 GBP 90-day forward rate is 0.4345 GBP

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An investor placed GBP 1,000,000 in an investment in the UK. The spot rate of CAD is 0.44 GBP 90-day forward rate is 0.4345 GBP Moreover, the interest rates are 4% and 25%, on the CAD and GBP, respectively. Given the previous information, the investor's percentage return when using covered interest arbitrage is Multiple Choice 25% O 35% 2.79 Activate Window

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