Suppose that the one-year interest rate is 1.5% in the United States and 5% in Euro zone, and that the spot exchange rate is $1.50/ and the one-year forward exchange rate, is $1.45/. Assume that an arbitrageur can borrow up to $1,000,000. Select one: a. This is an example where interest rate parity holds. b. This is an example of an arbitrage opportunity; interest rate parity does NOT hold. c. This is an example of a Purchasing