Today, short-term interest rates in Australia are 8.50% and the corresponding U.S. rate is 6.0%. The current discount on forward Australian dollars is 2.0%. Can a U.S. trader use covered interest arbitrage to take advantage of this situation? If so, what is the net effect? No; lose 1% No; lose 2 %% Yes; gain %% Yes; gain 2 42% Question 10 3 pts What is the real rate of return if the risk-free rate is 3.25% and the expected rate of inflation is 2.75%? 0.50% O 0.51% 0.487% 1.49%