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4) The spot rate between the UK and the US is 0.7594 Pounds/USD while the six forward rate is 0.73 pounds per USD. The risk

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4) The spot rate between the UK and the US is 0.7594 Pounds/USD while the six forward rate is 0.73 pounds per USD. The risk free rate in the UK is 4.51 % (annualized) and risk free rate in the US is 2.7% (annualized). How much in profit can you earn on 59000000 utilizing covered interest arbitrage? None of the above (given answer) . O. $275,748.34 USD 450,570 USD Od 152,403.49 USD

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