Interest Rate Parity (IRP) and Covered Interest Arbitrage (CIA) What is Interest Rate Parity (IRP) IRP Example- how to find it/knowing when it holds or not Does IRP Exist In Financial Markets? Considerations/Limitations when Assessing IRP Covered Interest Arbitrage what it is and characteristics what conditions are necessary for it to happen examples Explaining Changes in the Forward Rate what factors affect the forward rate? For these 3 forms of arbitrage- why they are risk free arbitrage and what profit depends on.