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The spot rate between the U.K. and the U.S. is .7594/$, while the one-year forward rate is .7536/$. The risk-free rate in the U.K. is

The spot rate between the U.K. and the U.S. is .7594/$, while the one-year forward rate is .7536/$. The risk-free rate in the U.K. is 4.51 percent and risk-free rate in the United States is 2.70 percent. How much in profit can you earn on $9,000 utilizing covered interest arbitrage?

a.) $235.29

b.) $205.88

c.) $102.44

d.)$91.06

e.) $188.23

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