You are an investor with access to 1,000,000.00 or its equivalent amount in U.S.$. You want to conduct an investment. You are provided with the following quotations from a bank: Exchange rate Interest rate Spot rate (/$ 0.7000 = $1.00 = 4.15% per annum F360(/$) 0.7010 = $1.00 $ = 4.7% 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