Problem 1. Dealer A in New York offers to buy British pounds a year from now at a rate da = 1.58 dollars to a pound. (A suitable agreement would have to be made with A at beginning of the year.) While dealer B in London would sell British pounds immediately at a rate do 160 dollars to a pound. Suppose further that dollars can be borrowed at annual rate 4%, and British pounds can be invested in a bank account at 6%. Would this create an opportunity for a risk-free profit without initial investment