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Hiroshi Nurmata, a foreign exchange arbitrage wants to invest USD 800,000 in a covered interest arbitrage between USD and JPY. He faces the following exchange

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Hiroshi Nurmata, a foreign exchange arbitrage wants to invest USD 800,000 in a covered interest arbitrage between USD and JPY. He faces the following exchange rate and interest rate quotes: Calculate the percentage profit Hiroshi Nurmata could make on 180-day covered interest arbitrage

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