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Assume the following information: Spot rate of Mexican peso = $ . 1 0 0 1 8 0 day forward rate of Mexican peso =

Assume the following information:
Spot rate of Mexican peso = $.100
180day forward rate of Mexican peso = $.098
180day Mexican interest rate =6%
180day U.S. interest rate =5%
Given this information, is covered interest arbitrage worthwhile for Mexican investors who have pesos to invest? Explain your answer.

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