If the actual 1-year forward exchange rate is 1 peso =7 yen, you can earn arbitrage profits by borrowing pesos today \& exchanging for yen, selling pesos in forward market borrowing yen today \& exchanging for pesos, selling pesos in forward market borrowing pesostoday \& exchanging for yen, buying pesos in forward market borrowing yen today \& exchanging for pesos, buying yen in forward market QUESTION 7 In the previous question, you will eam arbitrage profits equal to: 116 yen if you start by borrowing 10,000 yen today 116 pesos if you start by borrowing 10.000 pesos today 54 pesos if you start by borrowing 10,000 pesos today 54 yen if you start by borrowing 10,000 yen today QUESTION 8 30-yr fixed rate mortgage 500.000 borrowed, 5% APR What is the monthly payment? (format your answer as a positive number, round to nearest cent)