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The One - year interest rate in New Zealand is 6 percent. The one - year U . S . interest rate is 1 0

The One-year interest rate in New Zealand is 6 percent. The one-year U.S. interest rate is 10 percent. The spot rate of the New Zealand dollar (NZ) is0.50. The forward rate of rhe New Zealand Dollar is 0.53. Is covered interest arbitrage feasible for U.S. investors? Explain. Do not round intermediate calculations. round your answer to two decimal places. Covered interest arbitrage _is/is not_ feasible for U.S. investors because U.S. investors would generate a trolled of ____

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