QUESTION 22 Assume the following information: Current spot rate of Swiss Franc (AUD/CHF) = 0.62 1-year forward rate (as of today) for Swiss Franc (AUD/CHF) = 0.65 Expected spot rate one year from now (AUD/CHF) = 0.65 Rate on 1-year deposits denominated in Swiss Francs = 8% Rate on 1-year deposits denominated in Australian Dollars = 9% From the perspective of an Australian investor with $1064834, taking advantage of covered interest arbitrage would yield a rate of return of INSTRUCTIONS: 1. Round the answer to two decimal places. 2. Please input your final answer without percentage signs (%)