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Question 12 Determine the amount of you need to borrow today for a covered interest arbitrage trading (between US$ and ) with the following information:

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Question 12 Determine the amount of you need to borrow today for a covered interest arbitrage trading (between US$ and ) with the following information: Current spot rate (S) = 0.8/$ 3-month forward rate (F) = 0.85/$ Arbitrage fund available - $ 1 Million . 800,000 850,000 1 Million 1.25 Million

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