c. The spot rate for the Mexican peso is $0.09 bid and $0.10 ask. The 6-months forward rate is $0.07 bid and $.08 ask. The interest rate (in annual terms) for the Mexican government bonds is 10%. The interest rate (in annual terms) for the comparable US government bonds is 7%. If you start with $1,000, what will be the profit if you engage in covered interest arbitrage? Should you inyest that money in US or Mexican bonds