Assume the following information: U.S. investors have $10,000,000 to invest Lending and borrowing rate in U.S. dollars = 6% and 8% respectively Lending and Borrowing rate in Singapore dollars = 4% and 6% respectively Forward rate of Singapore dollars = $.412-$0.414 Spot rate of Singapore dollar = $.400 - $.402 (a) Explain any discrepancy an investor can spot in the situation? (b) How much profit (if any) can be made by an investor who has a borrowing capacity of the equivalent of $10,000,000