Could anyone please help me with this?

1. Covered interest arbitrage. Assume the following information: Current spot rate of New Zealand dollar Forward rate of New Zealand dollar for 360-day (1 year) delivery =$0.43 Annual interest nate on New Zealand dollars =8% Annual interest mate on U.S, dollars =9% a) Given the information in this question, what is the return, in terms of dollars, on the domestic (\$) deposit? b) What is the return, in terms of dollars, on the covered fordign (NZ\$) deposit? 1. Covered interest arbitrage. Assume the following information: Current spot rate of New Zealand dollar Forward rate of New Zealand dollar for 360-day (1 year) delivery =$0.43 Annual interest nate on New Zealand dollars =8% Annual interest mate on U.S, dollars =9% a) Given the information in this question, what is the return, in terms of dollars, on the domestic (\$) deposit? b) What is the return, in terms of dollars, on the covered fordign (NZ\$) deposit