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QUESTION 6 The spot rate for the yen is 11 01$ and the 180-day forward rate is $.008/ . Which of the following must be true in order to prevent covered interest arbitrage? A Interest rates for investments of similar risk must be equal in both countries. A Interest rates for investments of similar risk must be higher in Japan than the US. A Interest rates for investments of similar risk must be higher in the US than in Japan. A Cannot be determined