Nadia Eva is a trader working for Deutsche Bank, she sees the following prices from two different banks: 1-year euro deposits/loans: 6.0% 6.125% p.a. 1-year Malaysian ringgit deposits/loans: 10.5% 10.625% p.a. Spot exchange rates: MYR 4.6602 / EUR MYR 4.6622 / EUR 1-year forward exchange rates: MYR 4.9500 / EUR MYR 4.9650 / EUR The interest rates are quoted on a 360-day year. Can you do a covered interest arbitrage? (Show both profit and loss calculation if necessary). Starting with euro 100,000 or ringgit malaysia 500,000.