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Suppose the spot rate is CHF1.4706/$ in the spot market, and the 180-day forward rate is CHF1.4295/$. If the 180-day dollar interest rate is 7%

Suppose the spot rate is CHF1.4706/$ in the spot market, and the 180-day forward rate is CHF1.4295/$. If the 180-day dollar interest rate is 7% p.a., what is the annualised 180-day interest rate on Swiss francs that would prevent arbitrage?

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