Assume the Following Information From the Perspective of U

Multiple Choice

Assume the following information:
$\begin{array} { l l l } \text { Spot rate today of Swis franc } & = & \$ 60 \\1 \text {-year forward rate as of today far Swiss franc } & = & \$ .63 \\\text { Fognected spot rate l year from now } & = & \$ 64 \\\text { Rate an 1-year deposits denominated in Swiss francs } & = & 7 \% \\\text { Rate an } 1 \text {-year deposits denominated in U.S. dallars } & = & 9 \%\end{array}$
From the perspective of U.S. investors with $1,000,000, covered interest arbitrage would yield a rate of return of ____%.

A) 5.00
B) 12.35
C) 15.50
D) 14.13
E) 11.22