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Assume the following financial information between Canada and Japan. S (JPY/CAD):88.5623 F6 ((JPY/CAD):87.5623 CADrf:2.0% JPYrf:1.95%...

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Finance

Assume the following financial information between Canada and Japan.

S (JPY/CAD):88.5623

F6 ((JPY/CAD):87.5623

CADrf:2.0%

JPYrf:1.95%

Note: S = spot exchange rate,

F6 = 6-month forward exchange rate

rf = 6-month T-bill rate each.

Which country is more profitable to invest in?

A. Canada

B. Japan

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