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Assume that Swiss investors are benefiting from covered interest arbitrage due to a high U . S . interest rate. Which of the following forces

Assume that Swiss investors are benefiting from covered interest arbitrage due to a high U.S. interest rate. Which of the following forces results from this
covered interest arbitrage activity?
a. upward pressure on the Swiss franc's forward rate
b. upward pressure on the U.S. interest rate
c. upward pressure on the Swiss franc's spot rate
d. downward pressure on the Swiss interest rate
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