Assume Rmax is the maximum pound interest rate you were supposed to find in previous question, while Rbor and Rinv are the actual investment and borrowing interest rates in the U.K. Assume you are a U.S. investor and consider dollars as money and pounds as a commodity. Which of the following statements are true:

A) If Rinv>R, then you can make an arbitrage using cash-and-carry strategy

B) If Rinv>R, then you can make an arbitrage using reverse cash-and-carry strategy

C) If Rborr>R, then you can make an arbitrage using cash-and-carry strategy

D) If Rborr>R, then you can make an arbitrage using reverse cash-and-carry strategy E) At least two of the above statements are correct