Mr. Boris wants to engage in arbitration and earn riskless profit with an amount of 50,000. Six month's forward premium /discount for the currency pair USD/CAD is 1%. Determine the possibility for arbitration profit if the US interest rate is 3% and Canadian interest rate is 6%. a. Borrow 50,000 CAD at 6% interest and invest in USD at 3% interest b. Borrow 50,000 USD at 3% interest and invest in CAD at 6% interest c. No possibility to earn arbitrage profit with an amount of 50,000 in the given situation d. None of the option is correct