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Assume the following information: U.S. investors have $800,000 to invest: 1-year deposit rate offered by U.S. banks = 4% 1-year deposit rate offered on

Assume the following information: U.S. investors have $800,000 to invest: 1-year deposit rate offered by U.S. banks = 4% 1-year deposit rate offered on Swiss francs = 2% 1-year forward rate of Swiss francs = $.62 Spot rate of Swiss franc = $.60 Given this information, the return from covered interest arbitrage by U.S. investors is investors engage in the covered interest arbitrage? percent. Should

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