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Assume the following information:
Given the information in this question, the return from covered interest arbitrage by U.S. investors with $500,000 to invest is ____percent.
Current spot rate of Australian dollar=$.64
Forecasted spot rate of Australian dollar 1 year from now=$.59
1-year forward rate of Australian dollar=$.62
Annual interest rate for Australian dollar deposit=9%
Annual interest rate in the United States=6%
Civil Marriage Act
Legislation that defines the legal recognition of marriage, typically without religious affiliation, and often includes provisions for civil unions and partnerships.
Monolithic Bias
The tendency to view a diverse group or category as being more uniform and homogenous than it actually is, often oversimplifying complex social or cultural identities.
Divorce Rates
The statistical measure of how many marriages end in divorce within a given population and time period, often expressed per 1,000 marriages.
Divorce Act
Legislation that regulates the legal process of divorce, defining the conditions, rights, and responsibilities involved in dissolving a marriage.
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