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U Question 12 6 pts Determine the profit of a covered interest arbitrage trading with the following information: You need 900,000 to pay back a

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U Question 12 6 pts Determine the profit of a covered interest arbitrage trading with the following information: You need 900,000 to pay back a loan (plus interest) 3 months later The money you have 3 months later to pay back the loan is 1,200,000 The spot rate - $ 1.2/ The 3-month forward rate - $ 1.25/ 50,000 60,000 100,000 80.000

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