On checking the Telerate screen, you see the following exchangerate and interest rate quotes being quoted by a major bank:U$.$S$.$ Dollar $90-$Day Interest Rates $($Annualized$)4\mathrm{.}97\%-5\mathrm{.}03\%$Swiss franc $90-$Day Interest Rates $($Annualized$)1\mathrm{.}24\%-1\mathrm{.}30\%($B: The above interest$-$rates are annualized interest$-$rates appropriate for a period of $90$ dayswhich you assume is exactly $0\mathrm{.}25$ years$).$Spot RatesSFR$/$USD $=1\mathrm{.}4128-1\mathrm{.}413390-$Day Forward Rates SFR$/$USD $=1\mathrm{.}4007-1\mathrm{.}4014($NB: The spot and forward rates are expressed as$,$ the number of SFR per USD.$)$You work for a hedge fund in Geneva trying to profit fromarbitrages. Is there an arbitrage? If your boss says that you canuse $20$ mio SFR as risk capital, how much arbitrage $($guaranteed$,$risk$-$free$)$ profit can you make? Give your answer to the nearestSFR. If there is no arbitrage, enter zero.