Suppose you are given the following exchange rates and one-year interest rates. Bid Quote Ask Quote SGD spot $A 0.2204 $A 0.2209 SGD one year forward A$ 0.2204 A$ 0.2209 Deposit Rate Loan Rate Interest rate on Australian dollars 1.70% 2.70% Interest rate on SGD 2.84% 3.84% Also, you have A$100,000 to invest for one year. Based on the given information, would you benefit from engaging in covered interest arbitrage and what is the percentage of your yield earned from covered interest arbitrage