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The spot rate between the U.K. and the U.S. is .7579/$, while the one-year forward rate is .7533/$. The risk-free rate in the U.K. is

The spot rate between the U.K. and the U.S. is .7579/$, while the one-year forward rate is .7533/$. The risk-free rate in the U.K. is 4.45 percent and risk-free rate in the United States is 2.67 percent. How much in profit can you earn on $7,500 utilizing covered interest arbitrage?

$96.70

$181.34

$145.07

$158.67

$85.95

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