Covered Interest Arbitrage in Both Directions The following information is available:
You have $500,000 to invest.
The current spot rate of the Moroccan dirham is s0.110.
The 60 -day forward rate of the Moroccan dirham is s0.108.
The 60 -day interest rate in the United States is 1 percent.
The 60 -day interest rate in Morocco is 2 percent.
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