You work as a trader for ANZ Bank, you see the following price from two different bank: One-year forward rate (AUD/GBP) 2.6450 2.6550 Spot rate (AUD/GBP) 2.7450 2.7550 One-year AUD interest rate 7.75% 8.25% One-year GBP interest rate 3.75% 4.25% The interest rate is quoted on a 360-day year. You can borrow GBP1000 or AUD1000. Can you do a cover interest arbitrage (CIA)? ( show profit and loss)