You work as a trader for a hedge fund and your job is to profit from possible arbitrages. You have the following information today from a large international bank active in the financial markets. The spot exchange rate for the number of Swedish Krona (SEK) per Euro (EUR) is 6.22006.2210 (bid-ask). The Swedish LIBOR interest-rate applicable from today to 3 months from now is 4.9%4.95% per annum (this is the bid-ask so, for example, 4.9% is the rate at which SEK can be deposited at the bank and 4.95% is the rate at which SEK can be borrowed from the bank). The EUR LIBOR interest-rate applicable from today to 3 months from now is 5.2%5.25% per annum. The three month forward exchange rate for the number of SEK per EUR is 6.21906.2210 (this is the bid-ask). Is there an arbitrage? If you are allowed by your boss at the hedge fund to borrow 100 mio SEK, how much arbitrage profit (i.e., guaranteed risk-free profit) can you make? Give your answer in SEK to the nearest SEK. Assume three months is exactly 0.25 years. If there is no arbitrage, enter zero. As always, do your calculations in excel and do NOT round until the-very end. Hint: I am going to give you some help so that if you make a big mistake you can re-evaluate your answer. The answer to this question is between 25,000 SEK and 35,000 SEK