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Assume you notice the following information. Create an arbitrage trading strategy with $1 million. 1 Year US T-Bill offers 3% yield to maturity (YTM)

Assume you notice the following information. Create an arbitrage trading strategy with $1 million. 1 Year US T-Bill offers 3% yield to maturity (YTM) 1 Year UK Bond offers 7% YTM Spot ($/)=1.80 1 Year Forward ($/) = 1.76.

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