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clear answers please! 17 Currently, the spot exchange rate is $1.50/and the sur month forward exchange rate is $1526 The six-month interest rate is 8.0%

clear answers please!
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17 Currently, the spot exchange rate is $1.50/and the sur month forward exchange rate is $1526 The six-month interest rate is 8.0% per annum in the US and 3% per annum in the UK. Assume that you can borrow as much as $1,500,000 or 1,000,000 Answer The Following Determine whether the interest rate parity is currently holding bor the FRP is not holding how would you carry out covered interest wbitrage? (Show all the steps and determine the arbitrage profit) Explain how the IRP will be restored as a result of covered arbitrage activities (What factors could change and how? 00:1740 Chay Toolbar nacion BIUS H A2

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