Assume the following information: 1) You have $300,000 to invest 2) Current spot rate of Chilean peso (CLP) is $0.00350 3) Expected spot rate of pesos in 90 days is $0.00354 4) 90-day forward rate of the pesos is $0.00356 5) 90-day interest rate in the U. S. is 3.7% 6) 90-day interest rate in Chile is 4.0% If you conduct covered interest arbitrage, the return you will realize after 90 days is %.

answer; the nav calculated at the market close at 4: 00 pm new york time;

answerthe above statement is false;

answerup to (3) three years;

answer: marginal utility of the fourth brownie is 0.

explanation: marginal utility is the addtional utility gained from the consumption of one more unit of a good. it is given by,

so, marginal utility at the 4th unit will be given by

since, the values are not given here, you can simply find marginal utility at fourth unit by subtracting total utility at 3rd unit from total utility at 4th unit.