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Assume the following financial information between Canada and Japan. S (JPY/CAD) F. ((JPY/CAD) CADrf JPY...

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Assume the following financial information between Canada and Japan. S (JPY/CAD) F. ((JPY/CAD) CADrf JPY rf 88.5623 87.5623 2.0% 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? 1. Canada 2. Japan

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