suppose that the current spot exchange rate is $1\mathrm{.}50/$ and the one year forward exchange rate is $1\mathrm{.}60/$ the one$-$year interest rate is $5\mathrm{.}4\%$ in euros and $5\mathrm{.}2\%$ in pounds. you can borrow at most $1000000$ or the equivalent pound amount i$.$e $666667,$ at the current spot exchange rate.show how you can realize a guaranteed profit from covered interest arbitrage. Assume that you are a euro$-$based investor. Also determine the size of the arbitrage profit.