Assume the following information: Spot rate of Mexican peso $0.100/peso 180-day forward rate of Mexican peso $0.105/peso 180-day Mexican interest rate = 6% per year 180-day U.S. interest rate = 5% per year Given this information, is covered interest arbitrage worthwhile for investors if $1,000,000 or peso equivalent can be borrowed? If yes, where should they invest and where should they borrow? What would be the arbitrage profit? Explain the intuition