What operations would be carried out

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Following information is given:Exchange rates:

Canadian dollar 0.666 per DM (spot)

Canadian dollar 0.671 per DM (3-months)

Interest rates: DM .5% p.a.

Canadian Dollar - 9.5% p.a.

To take the possible arbitrage gains, what operations would be carried out?

Reference no: EM132758830

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