You are an investor with access to 1,000,000.00 or its equivalent amount in U.S.$. You want to conduct an investment. You are provided with the following quotations from a bank: Spot rate (/$ F360(/$) Exchange rate 0.7000 = $1.00 0.7010 = $1.00 Interest rate = 4.7% per annum $ = 4.15% per annum Determine whether an arbitrage opportunity exists for a one year investment and show the following in the space provided below if the arbitrage opportunity exists: Currency to be borrowed (specify $ or ): Amount to be borrowed: Currency to be invested in (specify $ or ): Amount to be invested