A US investor observes the following data in the FX market: spot exchange rate between the Swiss Franc and US Dollar is 1.0505 ($ per CHF); the continuously compounded interest rates in the US and Switzerland are 1% and 0.35% per annum, respectively; the 3-month currency forward price is 1.0300 ($ per CHF). Ignoring transaction costs, is there an arbitrage opportunity and, if so, what is the investor's total profit, if she begins by borrowing 1,000 units of the relevant currency? Yes. Profit = CHF 22.67 Yes. Profit = $ 22.67 None of the other answers Yes. Profit - $ 21.58 Yes. Profit = CHF 21.58