If your borrowing rate is higher than the rate you were supposed to find in Question 3 while your investment rate is lower than the rate you were supposed to find in previous question, then A) You can make an arbitrage and your arbitrage strategy, among other things, will include borrowing money and buying a forward contract

B) You can make an arbitrage and your arbitrage strategy, among other things, will include borrowing money and selling a forward contract

C) You can make an arbitrage and your arbitrage strategy, among other things, will include investing money and buying a forward contract

D) You can make an arbitrage and your arbitrage strategy, among other things, will include investing money and selling a forward contract

E) Exactly two of the above answers are correct

F) You can make an arbitrage but none of the above answers are correct G) You cannot make an arbitrage