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Suppose the spot and six-month forward rates on the Norwegian krone are Kr5.61 and Kr 5.72, respectively. The annual risk-free rate in Canada is 3 percent, and the annual risk-free rate in Norway is 5 percent. a. Is there an arbitrage opportunity here? If so, how would you exploit it? b. What must the six-month forward rate be to prevent arbitrage? | Numerade
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