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Given this information, what would be the cost of the Canadian Dollar Payable of 1,000,000 in US dollars and the yield (percentage return) to a

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Given this information, what would be the cost of the Canadian Dollar Payable of 1,000,000 in US dollars and the yield (percentage return) to a U.S. investor who used covered interest arbitrage? (Assume investor was hedging 1,000,000 a Canadian Dollar Payable)

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