Batman has a contract to purchase 47000 ventilator for patients in Gotham City from a Japanese supplier in 3 months. Both of them agree to share currency risk. As part of the risk sharing arrangement they set a base rate of JPY 151.13/USD. There is a neutral zone that spans JPY143.5735/USD to JPY158.6865/USD. Exchange rate movement outside of this neutral zone is shared equally. If the exchange rate in 3 months is JPY181.356/USD. What is the exchange rate at which Batman transect with the supplier for the purchase? Himalayan Bank quotes a bid rate for the Indian rupee (INR) of A$0.0280 and an ask rate of A$0.0283. Chogori Bank quotes a bid rate for the Indian rupee of A$0.0284 and an ask rate of A$0.0285. You have just completed FINS3616 and detect an opportunity for arbitrage in these quotes. Your rich uncle is willing to lend you A$1,000 for one day if you repay him A$1,005 tomorrow. If you accept your uncle's offer, the return from conducting arbitrage, after accounting for the cost of borrowing, is