Assume the following information: U.S. investors have $1,000,000 to invest: 1-year deposit rate offered on U.S. dollars 1-year deposit rate offered on Singapore dollars 1-year forward rate of Singapore dollars Spot rate of Singapore dollar 12% -10% $.412 $.400 O a. interest rate parity exists and covered interest arbitrage by U.S. investors results in the same yield as investing domestically. O b. interest rate parity exists and covered interest arbitrage by U.S. investors results in a yield above what is possible domestically. O c. interest rate parity doesn't exist and covered interest arbitrage by U.S. investors results in a yield below what is possible domestically. 0 d. interest rate parity doesn't exist and covered interest arbitrage by U.S. investors results in a yield above what is possible domestically