The spot Dollar-British Pound exchange rate is $1.60/. The U.S. and U.K. interest rates (annualized, continuously compounded) are rUS = 4%, rUK = 6%. The underlying contract is for 62,500 What should be the forward price with delivery in six-month? How should we arbitrage if the forward rate is $1.50/?

Using formulae such as: F0=S0.e^((r-rf)T)