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Question 18 6 p Determine the amount of US$ you need to buy (invest) today with the arbitrage fund available for a covered interest arbitrage

Question 18 6 p Determine the amount of US$ you need to buy (invest) today with the arbitrage fund available for a covered interest arbitrage trading (between US$ and C$) with the following information: Current spot rate (S) - C$ 1.4/$ 3-month forward rate (F) - C$ 1.45/$ Arbitrage fund available - C$ 1.4 Million $0.9655 Million $1.96 Million $ 2.03 Million $1 Million

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