You have the following financial market information. You also have 1.51 million Australian dollar (A$) or 3.02 million Thai baht (THB) to make a profit due to covered interest arbitrage (CIA). Calculate the profit in A$ or THB if the CIA opportunity exists in the market. (enter the whole number without sign and symbol) Bid price Ask price THB spot rate A$0.0415 A$0.0698 THB one-year forward rate A$0.0464 A$0.0610 Answer: 111167 A$ spot rate THB22.6031 A$ one-year forward rate THB27.0288 THB24.3735 THB29.4449 Deposit rate Loan rate The correct answer is: 224572 Interest rate on A$ 2.68% 4.26% Interest rate on THB 6.43% 8.08%