A currency dealer can borrow $1,160,000 (or the equivalent in euros) for one year. The one-year interest rate is 7.70% in the U.S. and 4.90% in the euro zone. The spot exchange rate is $1.5237/1.00 and the one-year forward exchange rate is $1.5805/1.00. What arbitrage profit results if the trader borrows the maximum available funds? $8,149.93 OR 5,156.55 $12,880.97 OR 8,149.93 $51,881.44 OR 32,825.97 $32,480.00 OR 20,550.46 $4,563.96 OR 2,887.67 O $19,163.20 OR 12,124.77