Need help answering 22!

Questions 21 and 22 are related 21. A large firm can currently borrow U.S. Dollars for nine months at an interest rate of 0.92%. If exchanging Dollars for Mexican Pesos [buying pesos] the current exchange rate is MXN 18.8725 per U.S. Dollar. Mexican government bonds maturing in nine months yield 5.60%. The firm forecasts that in nine months the exchange rate will be MXN 19.25. If the firm borrows $1 million, immediately converts it into pesos at the spot rate [the current exchange ratel, invests the pesos for nine months, and then converts the peso proceeds back into Dollars at the expected future exchange rate, what will be the profit? Assume interest is paid and earned at maturity. This is "uncovered interest arbitrage", a basic time value of money problem. a. $2,431 b. $14,666 C. $14,959 d. $35,100 e. $46,800 A forward currency contract permit parties to exchange currencies on a future date, say nine months in the future, at an exchange rate agreed at the time the contract is settled. The exchange rate on a nine month forward is currently MXN 19.45 per USD. If the firm in the previous question sells the MXN proceeds at the forward rate instead of its forecasted future exchange rate, what will be the profit or loss? This is "covered interest arbitrage", a basic time value of money problem. a. $45,410 b. $30,600 C. $7,847 d. $4,161 e. $3,715