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?!! 7 Currently, the spot exchange rate is $1.50/and the six-month forward exchange rate is $1.62/8. The six-month interest rate is 10.0% per annum in

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7 Currently, the spot exchange rate is $1.50/and the six-month forward exchange rate is $1.62/8. The six-month interest rate is 10.0% per annum in the U.S. and 8% per annum in the U.K. Assume that you can borrow as much as $1,600,000 or 1,000,000. Calculate the Arbitrage profit will be? 01:59:03 Multiple Choice 3800 4800 5800 There is no Arbitrage

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