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Assume the following information: You have $100,000 to invest: Current spot rate of Australian dollar (AS) $.60 180-day forward rate of the Australian dollar 5.65

Assume the following information: You have $100,000 to invest: Current spot rate of Australian dollar (AS) $.60 180-day forward rate of the Australian dollar 5.65 180-day interest rate in the U.S. 3.5% 180 day interest rate in Australia 3.0% If you conduct covered interest arbitrage, what is the dollar profit you will have realized after 180 days? O $11,583 $96,923 O $12,125 $31.500

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