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The spot rate between the UK, and the U.S.is .7539/$, while the one-year forward rate is .7525/$. The risk-free rate in the U.K. is 4.29

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The spot rate between the UK, and the U.S.is .7539/$, while the one-year forward rate is .7525/$. The risk-free rate in the U.K. is 4.29 percent and risk-free rate in the United States is 2.59 percent. How much in profit can you earn on $7,500 utilizing covered interest arbitrage? Multiple Choice S113.64 $142.05 $12.97

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