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Can you make arbitrage profit, if the borrowing rate is less than the investing rate? If yes, briefly describe using an example of arbitrage profit,

Can you make arbitrage profit, if the borrowing rate is less than the investing rate? If yes, briefly describe using an example of arbitrage profit, where you borrow and lend $1,000 today for one year with an effective 1-year borrowing rate equal to 10% and an effective 1-year lending rate equal to 14%. Assume that lending has no risk.

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