answer?

-0% 0 -0% -0% 6. Covered Interest Arbitrage. Assume the following information: = $.80 = $.79 Spot rate of Canadian dollar 90-day forward rate of Canadian dollar 90-day Canadian interest rate 90-day U.S. interest rate 2.5% Given this information, what would be the yield (percentage return) to a U.S. investor who used covered interest arbitrage? (Assume the investor in- vests $1 million.) What market forces would occur to eliminate any further possibilities of covered in terest arbitrage