You can borrow U.S. \$ at 4.75% A.P.R. and invest at 3% A.P.R with Bank of America for 1 year. You can borrow at 5.25\% A.P.R. and invest at 2.5\% A.P.R with Credit Suisse for 1 year. UBS is offering the following quotes: Sb($)=1.82 and Sa($)=1.85.F12b($/)=1.815 and F12a($/)=1.845. The no-arbitrage forward bid rate from your point of view F12b($/) is A. .5468 B 0,5377 C 1.8599. D 1.8906