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Assume a US money manager has $ 1 0 0 million that needs to be invested short term. They see the following information Sport rate

Assume a US money manager has $100 million that needs to be invested short term.
They see the following information
Sport rate for is $1.5640/, or .6393/$
Forward rate for is $1.5328/, or .6524/$
The short-term interest rate in Britain is 12%, and the US short term rate is 9%.
Is covered interest arbitrage possible?
What is the strategy?

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