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a) You are trying to decide whether to invest in the U.S. or Switzerland for the...

a) You are trying to decide whether to invest in the U.S. or Switzerland for the next 3 months. The spot rate is $0.6667/CHF, the 90-day forward is $0.6756/CHF, and the annualized rates on the U.S. T-bill and Swiss government 3-month bonds are 10% and 4.5333%. Is it better to invest in the U.S. or Switzerland?   

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