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Short-term interest rate in Indonesia and the United States are 6.5% and 1% respectively. The current exchange rate on June 15, 2020 is 14,010 Rupiah

Short-term interest rate in Indonesia and the United States are 6.5% and 1% respectively. The current exchange rate on June 15, 2020 is 14,010 Rupiah against US Dollar. Suppose a forward exchange rate at 15,000 Rupiah against US Dollar. You are required:

Based on your calculation, Could you take a profit from an arbitrage?

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