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Where re annual interest rate on three month US

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Where re annual interest rate on three month US

FI ($/E) 4 1.9975 5% 16% 2.0000

where: re-annual interest rate on three-month US dollar commercial paper re-annual interest on three-month British-pound commercial paper S($/E)-number of dollars per pound, spot (umber of dollars per pound, three months forward On the basis of the precise criteria:
a. In which commercial paper would you invest?
b. In which currency would you borrow?
c. How would you arbitrage?
d. What is the profit from interest arbitrage per dollar borrowed?

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