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Interbank Currency Quotes and LIBOR Rates One-Year LIBOR Rates: JPY 0.15% USD 0.90% EUR 1.40% AUD 1.75% Based on the data, which of the following

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Interbank Currency Quotes and LIBOR Rates One-Year LIBOR Rates: JPY 0.15% USD 0.90% EUR 1.40% AUD 1.75% Based on the data, which of the following is the approximate profit if an investor were to execute a covered interest arbitrage with EUR 1 million? A) Profit of USD 12,756 B) Profit of USD 17,804 C) Profit of EUR 14,000

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