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Let; So = 145/US$ F180 = 140/US$ lus = 6% per annum I Japan = 4% per annum Amount of money to invest (M) =

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Let; So = \145/US$ F180 = 140/US$ lus = 6% per annum I Japan = 4% per annum Amount of money to invest (M) = 10,000 What is the risk-free profit through covered interest arbitrage? Select one: a. $264.29 b. $342.30 c. $270.24 d. There is no arbitrage profit X

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