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Assume the following information: ch Current spot rate of Australian dollar Forecasted spot rate of Australian dollar 1 year from now 1-year forward rate of

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Assume the following information: ch Current spot rate of Australian dollar Forecasted spot rate of Australian dollar 1 year from now 1-year forward rate of Australian dollar Annual interest rate for Australian dollar deposit Annual interest rate in the U.S. 69 Given the information in this question, the return from covered interest arbitrage by U.S. investors with $1,500,000 to invest is

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