4.2.The following exchange rates and 1-year interest rates are given. BID QUOTE S1.12 ASK QUOTE $1.13 1.13 LOAN RATE Euro Spot Euro 1-year forward 1.12 DEPOSIT RATE 6.0% 6.5% 9.0% Interest rate on dollars 9.5% Interest rate on euros You have $100,000 to invest for 1 year. Would you benefit from engaging in covered interest arbitrage? Show your working and explain. (3) 5. Assume that a bank has quoted the British pound () at $1.60, the Malaysian ringgit (MYR) at $.20, and the cross-exchange rate at l - MYR8.1. Based on this information, with an initial amount of $100,000, how can you engage in a triangular arbitrage strategy