![SOLVED: Evansville, Inc., has 2 million in cash available for 90 days. It is considering the use of covered interest arbitrage since the euro's 90-day interest rate is higher than the U.S. SOLVED: Evansville, Inc., has 2 million in cash available for 90 days. It is considering the use of covered interest arbitrage since the euro's 90-day interest rate is higher than the U.S.](https://cdn.numerade.com/ask_previews/148dcc25-4829-471f-8807-882e05659b53_large.jpg)
SOLVED: Evansville, Inc., has 2 million in cash available for 90 days. It is considering the use of covered interest arbitrage since the euro's 90-day interest rate is higher than the U.S.
![Covered Interest Parity, Implied Forward FX Swaps, Cross Currency Basis, and CME €STR futures - CME Group Covered Interest Parity, Implied Forward FX Swaps, Cross Currency Basis, and CME €STR futures - CME Group](https://www.cmegroup.com/content/dam/cmegroup/articles/images/2022/q4/covered-interest-parity-implied-forward-fig01.png)
Covered Interest Parity, Implied Forward FX Swaps, Cross Currency Basis, and CME €STR futures - CME Group
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