Trader intentional investment (Trader) is based in Australia and uses the AUD as its reporting currency Trader is an asset management firm that provides investment services for local high net worth and institutional investors seeking international exposure. Mei Ling Hong is the portfolio manager for Trader and is responsible for US and UK markets. Key information is presented in the following tables: Table 1 Exchange Rates 180 day Forward Rate Spot Rate AUD/USD 1.4714 1.4750 AUD/GBP 1.7658 1.8500 Table 2 Interest Rate (p.a.) Australia 2.5% UK US 1.00% 3.00% Mei Ling plans to borrow 1,000,000 AUD to invest in each market for a 180-day period. Note: recall that all exchange rates should be written to four decimal places Tick all answers below options which are correct. Note a small penalty will be applied for each incorrect answer that is ticked ON Triangular arbitrage is possible Covered interest arbitrage is possible for the US market Covered interest arbitrage is not possible for the US market CD Covered interest arbitrage is not possible for the UK market CL Covered interest arbitrage is possible for the UK market