Sput Ruke 7.00% Cactual 6 month rak. 4) Coneved Interest Arbitrage You are in foreign exchange troder facing the following Conada Doller jus dollar Quotes C$ 1.362o/ust Six month formand Rate CA 1.450 lust six-month Canadian Doller Initner Reke Six month us deller interest rate 4.00 % (actual 6 month anh * You Are Authorized to use plo,000,000 Is there a covered interest arbitrage ? If coment intuest arbitrage exists show how the Arbitragen can benefit from it (when he should borrow and where he should invest), and his monetary gains in US Dollars on Cancution Dollars. JS us equirka