The current spot rate is c1377 and the one-year forward, Financial Management

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The current spot rate is c1377 and the one-year forward

The current spot rate is C$1.377 and the one-year forward rate is C$1.317. The nominal risk-free rate in Canada is 5 percent while it is 9 percent in the U.S. Using covered interest arbitrage you can earn an extra _____ profit over that which you would earn if you invested $1 in the U.S.

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Financial Management: The current spot rate is c1377 and the one-year forward

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Financial Management: The current spot rate is c1377 and the one-year forward

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