Question: #1 Use this information to answer the question below: - The spot rate (current exchange rate) is Z2.01/$ - The one-year forward rate is Z2.05/$

Use this information to answer the question below: - The "spot rate" (current exchange rate) is Z2.01/\$ - The one-year forward rate is Z2.05/\$ - The annual risk-free borrowing/investing rate in the U.S. is 2.94% - The annual risk-free borrowing/investing rate in Country Z is 6.05% In one round of arbitrage trades, how much money can you make by borrowing in one market and simultaneously investing in the other? your answer to the nearest dollar. The correct answer could be zero, but it's highly unlikely. Don't use dollar signs or commas in your

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