Q19. (Currency Pricing) (6 Points) Consider the following data. Spot rate: 1.6275 $/, 1-year forward rate 1.6675 $/, 1- year risk free rate in US is 6.25%, 1-year risk free rate in UK is 1.75%. (a) Verify the CIP condition (b) Construct the arbitrage strategy if CIP fails Q20. (Open Question) (4 Points) Propose a trading strategy, describe the procedures to implement the strategy, ways to measure the performance, and methods to measure the risk