Assume the following information (rates are actual 90-day interest rates, not annualized):

Spot rate of Canadian dollar $0.900

90-day forward rate of Canadian dollar

$0.890 90-day

Canadian interest rate 3.50%

90-day U.S. interest rate 2.50%

Given this information, the yield (percentage return) to a U.S. investor who used covered interest arbitrage would be ____% (assume the investor invests $1 million). The yield (percentage return) to a Canadian investor who used covered interest arbitrage would be ____%.

-0.05; -0.05

0.05; 0.15

0.15; -0.05

0.05; -0.15

0.05; -0.05

0.05; 0.05

-0.15; -0.05

0.15; 0.15

-0.15; 0.05

-0.05; 0.05

0.15; -0.15

0.15; 0.05

-0.05; -0.15

-0.05; 0.15

-0.15; -0.15

-0.15; 0.15