Calculaton questions (12 points per question, a total of 48 points) 1 Suppose that the current spot exchange rate is coRan/s and the three-month Sonward exchange rate is co815/ The three-moneh interest rate is 6.00 percent per annum an the United States and 5.40 percent per annum in France Assume that vou can borrow up to $1,000000 or 30,000 Show how to realize a certain profit via covered interest arbitrage, assuming that you want to realize profit in terms of US dollars Also determine the size of your arbitrage profit Calculaton questions (12 points per question, a total of 48 points) 1 Suppose that the current spot exchange rate is coRan/s and the three-month Sonward exchange rate is co815/ The three-moneh interest rate is 6.00 percent per annum an the United States and 5.40 percent per annum in France Assume that vou can borrow up to $1,000000 or 30,000 Show how to realize a certain profit via covered interest arbitrage, assuming that you want to realize profit in terms of US dollars Also determine the size of your arbitrage profit