Which of the following statement$($s$)$ is $($are$)$ TRUE?

Select one or more alternatives:

Forward rate is an unbiased predictor of future spot rate if covered interest rate parity condition holds.

If the uncovered interest rate parity $($UIP$)$ condition holds then it is possible to profit using a carry trade $($by

borrowing in a low interest rate currency and investing in a high interest rate currency$).$

Investing in a country with a higher interest rate does not secure higher returns because the currency in a

high$-$interest$-$rate country is expected to depreciate and reduce the profit.

The law of one price means that the return from a dollar invested in home currency should be equivalent to

the return from a dollar invested in foreign currency together with a long home currency forward contract, if

the covered interest rate parity $($CIP$)$ condition holds.