Assume the following information: U.S. investors have $1,000,000 to invest: 1-year deposit rate offered by U.S. banks = 12% 1-year deposit rate offered on Swiss francs = 10% 1-year forward rate of Swiss francs = $.62 Spot rate of Swiss franc = $.60 Given this information, calculate the covered interest rate arbitrage by a U.S. investors investing $1,000,000. $1, 666, 667 $1, 833, 333 $1, 136, 667 $1, 200,000 (approximately) none of the above The above calculation does not support the existence of interest rate parity. True False