Question: Given the information in this question, find the return from covered interest arbitrage by U . S . investors with $ 5 0 0 ,

Given the information in this question, find the return from covered interest arbitrage by U.S. investors with $500,000 to invest. S=$1.12, F=$1.20, r($)=8%, r(euro)=5%. Express your answer as a percentage. Do not write any symbol. For example, write 23.35 for 23.35%.

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