Assume that annual interest rates are 5 percent in the United States and 4 percent in Turkey, An FI can borrow (by issuing CDs) or lend (by purchasing CDs) at these rates. The spot rate is $0.3310/Turkish lira (TL). a. If the forward rate is $0.3420/TL, how could the bank arbitrage using a sum of $5 million? What is the spread earned? (Do not round intermediate calculations, Round your answer to 3 decimal places. (e.g., 32.1616)) b. At what forward rate is this arbitrage eliminated? (Do not round Intermediate calculations. Round your answer to 5 decimal places. (e.g., 32.16161))