As a foreign exchange trader you have following opportunity to capitalize on given exchange rate and interest rate. You have $1 million to invest The 90 days Dollar lending and borrowing rates are 4.58%-4.63% The 90 days Euro lending and borrowing rates are 3.23%-3.29% The bid ask spot rate of Euro is $1.161-1.163 The 90 days Euro forward rate is $1.165-1.168 a. Can you find an arbitrage opportunity? b. What steps must you take to capitalize on it? c. What is the profit per $1 million arbitraged?