Question: By using data below compute Covered Interest Arbitrage profit or loss by investing in the Foreign Currency for 180 days. (Round your answer to the

By using data below compute Covered Interest Arbitrage profit or loss

By using data below compute Covered Interest Arbitrage profit or loss by investing in the Foreign Currency for 180 days. (Round your answer to the nearest dollar) Consider 180-day investment Amount $1,000,000 Interest Home (for investments in USD) 6% Interest Abroad (for investments in FC) Spot Rate 1.2532 FC/$ 180-day Forward rate 1.2100 FC/$ By using data below compute Covered Interest Arbitrage profit or loss by investing in the Foreign Currency for 180 days. (Round your answer to the nearest dollar) Consider 180-day investment Amount $1,000,000 Interest Home (for investments in USD) 6% Interest Abroad (for investments in FC) Spot Rate 1.2532 FC/$ 180-day Forward rate 1.2100 FC/$

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