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Business, 17.06.2021 23:30 trinityparrish47

ssume the following information: Current spot rate of New Zealand dollar $.6686 Forecasted spot rate of New Zealand dollar 1 year from now $.7012 One-year forward rate of the New Zealand dollar $.6849 Annual interest rate on New Zealand dollars 5% Annual interest rate on U. S. dollars 6% Compute the return from covered interest arbitrage by a U. S. investor with $1000 to invest. Group of answer choices 5.00% 8.58% 7.55% 6.00% 2.55 %

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