a. CHF 303,379 b. CHF304,370 c. HF 362,074 d. CHF 287,393 e. CHF 321,301

You live in Switzerland and want to try to make some money through interest rate arbitrage abroad. You notice the following rates quoted online: Spot exchange rate A sk CHF 1.1247/EURCHF 1.1 290/EUR I so-day Forward exchange rateCHF I .1918/EURCHF I .1972/EUR 1 SO-day ELJR interest rate 1 SO-day CHF interest rate 848% p.a. 8.74% p.a. 11.56% p.a. 11.90% p.a. What will your profit (in CHF) be 1 SO days from now if you borrow CHF7 million and invest in France then convert back to the Swiss franc? 0 b. d. CHF 303,379 CHF 304,370 CHF 362,074 CHF 287,393 CHF 321,301