Given the following information: o The U.S. interest rate is 6% per year. o The CAD/USD spot rate is 2.2. o The CAD one-year forward rate is 2 CAD/USD. o The domestic Canadian interest rate is 8% per year. Which of the following statements are TRUE? I. Capital will flow into Canada. II. If you start by borrowing $1000, your arbitrage profits will be $128. III. If you start by borrowing 1000 CAD, your arbitrage profits will be 116 CAD. IV. To arbitrage, borrow Dollars at 6%, convert them to CADs and lend the CADs out at 8%