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Hi, could you show me the working on how to derive answer as stated? Thank you ! 6 10 out You have the following financial

Hi, could you show me the working on how to derive answer as stated? Thank you !

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6 10 out You have the following financial market information. You also have 1.57 million Australian dollar (A$) or 3,51 million Thai baht (THB) to make a profit due to covered interest arbitrage (CIA). Calculate the profit in A$ or THB if the CIA opportunity exists in the market. (enter the whole number without sign and symbol) Buy sell Exchange A$ 1 1570, 000 Bid price Ask price THB spot rate A$0.0431 A$0.0607 THB for THB one-year forward rate A$0.0421 A$0.0647 A$ spot rate THB22.4115 THB24.9220 A$ one-year forward rate THB27.1789 THB29.6532 Deposit rate Loan rate Interest rate on A$ 2.43% 4. 19% Interest rate on THB 6.36% 8.53% Answer: 52222 X The correct answer is: 187641

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