Suppose that the current spot exchange rate is GBP1= 1.50 and the one-year forward exchange rate is GBP1=1.60. One-year interest rate is 5.4% in euros and 5.2% in pounds. If you have EUR1,000,000, how much more EUR will you receive by conducting Covered Interest arbitrage than simply invest in EUR (which yields 5.4%). In other words, take arbitrage profit in EUR and subtract the interest you earn if you lend money in EUR at 5.4%. (No comma in your number. So if the result is 1,000,000, put in your answer 1000000)