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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

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 = $.611 Spot rate of Swiss franc = $.600 Given this information: Group of answer choices covered interest rate parity doesn't hold and Swiss investors can get a better rate investing in dollars covered by futures contracts than is available domestically covered interest rate parity holds and Swiss investors can get a better rate investing in dollars covered by futures contracts than is available domestically covered interest rate parity doesn't hold and U.S. investors can get a better rate investing in francs covered by futures contracts than is available domestically covered interest rate parity holds

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