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5. The following information is available to an arbitrager working with $1,000,000. Spot rate: SoS/SF = $1.1015 90-day Zurich interest: i90SF = 2% (8% per

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5. The following information is available to an arbitrager working with $1,000,000. Spot rate: SoS/SF = $1.1015 90-day Zurich interest: i90SF = 2% (8% per year) $/SF = $1.1021 90-day Forward rate: Sos/ Is there a covered interest arbitrage profit opportunity? Support your

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