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Please show all work 1. You have $10,000 to invest for 90 days. Current spot rate: $1.32/E. The 90 -day forward rate is $1.38/.90-day interest

Please show all work

1. You have $10,000 to invest for 90 days. Current spot rate: $1.32/E. The 90 -day forward rate is $1.38/.90-day interest rate in US is 1.5% and 90 -day interest rate in UK is 2.5%. Do we have an arbitrage opportunity? How much can you make

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