Assume the following information Current spot rate of New Zealand dollar = $0.41 Forecasted spot rate of New Zealand...

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Assume the following information
Current spot rate of New Zealand dollar = $0.41
Forecasted spot rate of New Zealand dollar 1 year from now = $0.43
One-year forward rate of the New Zealand dollar = $0.44
Annual interest rate on New Zealand dollars = 8%
Annual interest rate on U.S. dollars = 9%
Given the information in this question, the return from coveredinterest arbitrage by U.S. investors with $675,000 to invest isabout _______in decimal.

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Assume the following informationCurrent spot rate of New Zealand dollar=$0.41Forecasted spot rate of New Zealand dollar 1 year from now=$0.43One-year forward rate of the New Zealand dollar=$0.44Annual interest rate on New Zealand dollars=8%Annual interest rate on U.S. dollars=9%Given the information in this question, the return from coveredinterest arbitrage by U.S. investors with $675,000 to invest isabout _______in decimal.

Current spot rate of New Zealand dollar	=	$0.41
Forecasted spot rate of New Zealand dollar 1 year from now	=	$0.43
One-year forward rate of the New Zealand dollar	=	$0.44
Annual interest rate on New Zealand dollars	=	8%
Annual interest rate on U.S. dollars	=	9%