2. Assume the following current information: (i) The deposit rate on Euro-yen 6-month deposits = 3% per annum (ii) The deposit rate on Eruo-Cdn $ 6-month deposits = 4% per annum (iii) The 6-month forward exchange rate: 1.0 = C$0.0125 (iv) The current spot exchange rate: 1.0 = C$ 0.0120 Does the given data satisfy the interest rate parity? If there is a covered interest arbitrage opportunity, find arbitrage profit for transaction size of C$ 1.0 million or \ 83.333,33 million. (1.5 Marks)