Assume that the one-year interest rate in Canada is 5 percent. The one-year U.S. interest rate is 9 percent. The spot rate of the Canadian dollar (C $ ) is $0.92. The forward rate of the Canadian dollar is $0.97. a. Is covered interest arbitrage feasible for U.S. investors? Show the results if a U.S. firm engages in covered interest arbitrage to support your answer. Do not round intermediate calculations. Round your answer to two decimal places. U.S. investors benefit from covered interest arbitrage because U.S. investors would generate a yield of which the U.S. interest rate of 9 percent. Assume the following information: Explain the steps that would reflect triangular arbitrage. I. One could obtain Canadian dollars with U.S. dollars, sell the Canadian dollars for New Zealand dollars and then exchange New Zealand dollars for U.S. dollars. II. One could obtain U.S. dollars with Canadian dollars, sell the U.S. dollars for New Zealand dollars and then exchange New Zealand dollars for Canadian dollars. II. One could obtain New Zealand dollars with U.S. dollars, sell the New Zealand dollars for Canadian dollars and then exchange Canadian dollars for U.S. dollars