A currency trader with Goldman Sachs notices the following quotes. Assume that she is authorized to work with 50,000,000. What is the arbitrage profit/loss in Japanese yen Spot Exchange Rate Predicted Spot Rate for the coming year (360 days) 1-year U.S. dollar interest rate 1-year Japanese yen interest rate 717,391.30 -3,782,608.70 -717,391.30 3,782,608.70 115/$ 120/$ 5% per year (per annum) 2% per year (per annum)

A currency trader with Goldman Sachs notices the following quotes. Assume that she is authorized to work with 50,000,000. What is the arbitrage profit/loss in Japanese yen 717,391.303,782,608.70717,391.303,782,608.70