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The spot rate between the U.K, and the US, is .7634/5, while the one year forward rote is .7544/S. The risk-free mte in the U.K.

The spot rate between the U.K, and the US, is .7634/5, while the one year forward rote is .7544/S. The risk-free mte in the U.K. is 4.67 percent and in the United States is 2.78 percent How much in profit can you car on $13,000 utilizing covered interest arbitrage?

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