Question: dont need excel this is only in a calculator 1. Currently, the spot rate of the New Zealand dollar is $0.48/NZ$, and the 30 -day

dont need excel this is only in a calculator

1. Currently, the spot rate of the New Zealand dollar is $0.48/NZ$, and the 30 -day forward is $0.50/NZ. Indicate the arbitrage profits from borrowing $5 million in the U.S at 7.5% and investing in New Zealand at 6.8%

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