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Suppose 1 year later interest rate in Nigeria is 6 percent . The one year interest rate is 10 percent . The spot rate if

Suppose 1 year later interest rate in Nigeria is 6 percent . The one year interest rate is 10 percent . The spot rate if naira is 0.50cedis . The forward rate of Naira is 0.54cedis . Assume investment amount is 1000000cedis for ghanaian investors and 1000000naira for nigerian investors . i) is covered arbitrage feasible for ghanaian investors ? show why. ii) is covered arbitrage feasible for Nigerian investors ? show why

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