The spot rate between the U.K. and the U.S. is .7614/$, while the one-year forward rate is .7540/$. The risk-free rate in the U.K. is 4.59 percent and risk-free rate in the United States is 2.74 percent. How much in profit can you earn on $11,000 utilizing covered interest arbitrage?

a.$316.41

b.$276.86

c.$103.15

d.$253.13

e.$91.68