Question 6 1 pts (CIA problem 1-Step 2) Assume you have good credit and can borrow either $1,000,000 or 555,556 for one year. The one-year interest rate in the U.S. is is = 5% and the one-year interest rate in the U.K. is i = 8%. The spot exchange rate is $1.80 = 1.00 and the one-year forward exchange rate is $1.78 - 1.00. If you determine that there is an arbitrage opportunity, to execute the coverage interest arbitrage you should ____ and forward. borrow in the United Kingdom: buy British pounds O lend in the United States; buy British pounds o lend in the United Kingdom; sell British pounds borrow in the United States; sell British pounds