A currency dealer has good credit and can borrow either $1,000,000 or 800,000 for one year. The one-year interest rate in the US. s is = 2% and in the euro zone the one-year interest rate is ie he one-year forward exchange rate is $1.20 1.00; what must the spot rate be to eliminate arbitrage opportunities? A. $1.2471 1.00 B. $ 1.20 = 1.00 C. $1.1547=1.00 D. none of the above