A currency speculator expects the price of BP to change from $1.40/BP to $1.70?BP in 90 days. You have a line of credit for $14 million or BP million now. Interest rate in USA is 3% it is 4% in England Determine the amount of profit the speculator will make in dollars a)$17,170,000 b)$2,870,000 c)$3,065,000 d)$4,675,000 41) You have access to $200,000, One year interest rate in USA: 4%: one year rate in mexico: 9% spotrate for Peso:$1.50?peso: One year forward rate: $1,41/Peso. Use this data to answer the following three questions: What is the covered rate of return from USA point of view? a)3.88% b)1.73% c)2.46% d)5% 42)What is the covered rate of return from the Mexican point of view? a) 10.63% b)8.28% c)5.91% d)3.22% 43)How much is your covered arbitrage profit (in US dollars)? a)$4487 b)$2156 c)$3276 d) $1788