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Question 2 2 pts Currently, the spot exchange rate is $1.52/E and the three month forward exchange rate is $1.54/6. The three month interest rate

Question 2 2 pts Currently, the spot exchange rate is $1.52/E and the three month forward exchange rate is $1.54/6. The three month interest rate is 5.84% per annum in the US and 5.84% per annum in the UK. Assume that you can borrow as much as $1.500.000 or 1,000,000. Your final answer should be in dollars. If the IRP is not holding, determine the arbitrage profit. Otherwise input your answer as 0 PS: Please input your answer without any currency information

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