Assume the following bid and ask rates of the pound for two banks as shown below:

	Bid	Ask
Sampath Bank in Sri Lanka	Rs. 120.15	Rs. 121.42
ANZ in Australia	Rs. 121.58	Rs. 121.82

What is the arbitrage profit per Australian dollar?

	A.	Rs. 0.16.
	B.	Rs. 0.24.
	C.	Rs. 1.27.
	D.	Rs. 1.43.
	E.	There is no arbitrage opportunity.