ot rate is, XUSD/AUD-0.76. Assume that rAUD-8% and rUSD = 496, ard rate is F!USD/AUD = 0.71; Assuming that you can borrow 1,000,000 units in the synthetic forward position at te0, what would your profit be from CIRP arbitrage (Note profit in USD)? Problem 3: Today's USD/AUD spot rate is, XUSD/AUD-0.74. Assume that rAUD = 796 and ruso-2% if the 1-Year USD/AUD forward rate is EusD/AUD = 0.74. Assuming that your investment banker is would willig to go long or short on an actual forward contract with the size ( AUP) AUD 10,000,000 what your profit be from CIRP arbitrage (Note: profit in USD)