Question 4 a) Given the information in the table below, is locational arbitrage possible? If so, explain the steps involved in exploiting the arbitrage opportunity and compute the profit if you had 100,000 to invest. (13 Marks) b) What market forces would occur to eliminate any further possibilities of the locational arbitrage identified in part a? (8 Marks) c) Discuss the two interest rate parities: uncovered interest rate parity and covered interest rate parity