The one-year interest rate in New Zealand is 5 percent. The one-year U.S. Interest rate is 8 percent. The spot rate of the New Zealand doliar (Niz) is fo 50 . The forward rate of the New Zealand dollar is $0.53, Is covered interest arbitroge feasible for U.S. investors? Explain. Do not round intermediate calculations. Found your answer to hwo decimal giacits. Covered interest arbitrage U.S. interect rate of 8 pencent. feasible for U.S. investors because U.S. investors would generate a yiold of It covered inturest arbltrage feasible for New Zealand investors? Fixplain. Do not round intermediate calculations. Reund your answer fo tiwo decaral places. Covered interest artitrage feasible for New Zealand investors because New Zealand investors would generate a yiald of the few Zealand intereat rate of 5 percent