Assessment Tool iframe exchange rate is $0.73 per A$ and the one-year forward exchange rate is $0.69 per A$. One-year interest is 3.5% in Asses vinteu viates and 4.2% in Australia. You may borrow up to $1,000,000 or A$1,369,863, which is equivalent to $1,000,000 at the current spot rate. Required: a. Determine if IRP is holding between Australia and the United States. b. If IRP is not holding, explain in detail how you would realize certain profit in U.S. dollar terms. What will be your arbitrage profit? c. Explain how IRP will be restored as a result of arbitrage transactions you carry out above. Complete this question by entering your answers in the tabs below. If IRP is not holding, explain in detail how you would realize certain profit in U.S. dollar terms. What will be your arbitrage profit? Note: Do not round intermediate calculations. Round your final answer to nearest whole dollar. Assessment Tool iframe st exchange rate is $0.73 per A$ and the one-year forward exchange rate is $0.69 per A$. One-year interest is 3.5% in the United States and 4.2% in Australia. You may borrow up to $1,000,000 or A$1,369,863, which is equivalent to $1,000,000 at the current spot rate. Required: a. Determine if IRP is holding between Australia and the United States. b. If IRP is not holding, explain in detail how you would realize certain profit in U.S. dollar terms. What will be your arbitrage profit? c. Explain how IRP will be restored as a result of arbitrage transactions you carry out above. Complete this question by entering your answers in the tabs below. Explain how IRP will be restored as a result of arbitrage transactions you carry out above. Currently, the spot exchange rate is $0.73 per A$ and the one-year forward exchange rate is $0.69 per A$. One-year interest is 3.5% in the United States and 4.2% in Australia. You may borrow up to $1,000,000 or A$1,369,863, which is equivalent to $1,000,000 at the current spot rate. Required: a. Determine if IRP is holding between Australia and the United States. b. If IRP is not holding, explain in detail how you would realize certain profit in U.S. dollar terms. What will be your arbitrage profit? c. Explain how IRP will be restored as a result of arbitrage transactions you carry out above. Complete this question by entering your answers in the tabs below. Determine if IRP is holding between Australia and the United States. Determine if IRP is holding between Australia and the United States