Suppose you are trading currency options on 10 Dec 2021. The current exchange rate between AUD and USD is 0.625 USD per AUD. The Australian risk-free interest rate is 1.5% per annum and the US risk-free interest rate is 1% per annum b) Suppose a March call which gives the holder the right to buy USD at a rate of 1.30 AUD per USD is selling for 0.32 AUD and a March put which gives the holder the right to sell USD at a rate of 1.30 AUD per USD is selling for $0.0080 AUD. Each option contract is for 125,000 USD. Assume both the put and call are European and they both expire in three months. What arbitrage opportunities are available? Show the cash flow associated with your arbitrage strategy. (14 marks)