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Assume the following information: you have $800,000 to invest the 90-day interest rate is the United States is 2% the 90-day interest rate in the
Assume the following information: you have $800,000 to invest the 90-day interest rate is the United States is 2% the 90-day interest rate in the United Kingdom is 4% the current spot rate of the pound is $1.60 the 90-day forward rate of the pound is $1.60 how can you earn profit?
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