Covered Interest Arbitrage - The one-year interest rate in Canada is 6 percent. The one-year U.S. interest rate is 10 percent. The spot rate of the Canadian dollar is $.50. The forward rate of the Canadian dollar is $.54. - Is covered interest arbitrage feasible for U.S. investors that have an initial investment of $1,000,000 ? - Is covered interest arbitrage feasible for Canadian investors that have an initial investment of C$1,000,000 ? In each case, explain why covered interest arbitrage is or is not feasible