As an experienced trader, you can trade based on the following data: 1. Spot rate: Spot USD/EUR = 1.250 1.25 2. Forward rate: Forward USD/EUR = 1.248 1.248 3. US I year deposit rate: r usd = 3% 3% 4. Eurozone I year deposit rate: r EUR = 3.15% 3.15% a) What is the return on 1 USD deposit? b) What is the return in USD on a dollar-covered Euro lending? c) Can the given information provide an arbitrage opportunity