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Assume the following financial information between Canada and Germany. S (/$) F 6 ((/$) $ rf rf 0.5599 0.5569 1.9% 1.47% Note: S = spot

Assume the following financial information between Canada and Germany.

S (/$)	F₆ ((/$)	$_rf	_rf
0.5599	0.5569	1.9%	1.47%

Note:

S = spot exchange rate,

F₆ = 6-month forward exchange rate

r_f = 6-month T-bill rate each.

Which country is more profitable to invest in?

1. Canada

2. Germany

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