1. Suppose the spot Euro and the 90 days forward Euro are both selling for $1.30, while the U.S. interest rates are 4 percent and Euro zone interest rates are 3 percent. 1. A Dutch investor has a 1 million to invest. Given the above spot and forward rats, and the interest rates in both the U.S. and Euro zone, how much should he profit (lose) from covered interest arbitrage