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help! 1. Covered interest arbitrage. Assume the following information: Current spot...

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1. Covered interest arbitrage. Assume the following information: Current spot rate of New Zealand dollar Forivard rate of New Zealand dollar for 360 -day (1 year) delivery =$.41 Annual interest rate on New Zealand dollars Annual interest rate on U.S. dollars =8% =9% a) Given the information in this question, what is the return, in terms of dollars, on the domestic (\$) deposit? b) What is the return, in terms of dollars, on the covered foreign (NZS) deposit

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