Question: A Moving to another question will save this response Question 2018 estion 2 les Currently, the spot exchange rate is $150 and the three month

A Moving to another question will save this response Question 2018 estion 2 les Currently, the spot exchange rate is $150 and the three month forward exchange rate 31.5. The three month interest rate is 80% per annum in the US and 5% per aume Ukut you can borrow as much as $1,500,000 or 1,000 000 a Determine whether the Interest rate parity is currently holding to it the IRP is not holding how would you carry out covered interestige? Show all the steps and determine the arbitrage profit QI the ALTO 10 IPOO ALTOFNUF10 MSC)

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