You work for a South African bank that is looking to capitalize on its forecasts of the Kenyan Shilling to the South African Rand (Ksh/R). The current exchange rate is Ksh7.70/R and the bank's view is that this rate will be Ksh7.95/R in 30 days. Currency Annual lending rate (deposit rate) 6.56% 11.58% Annual borrowing rate (loan rate) 7.2% 12.00% ZAR KES Assuming a 360-day year and that you can borrow 10,000 units of currency in either country, the arbitrage profit to be made from the above opportunity is closest to: R45.82 R36.05 R35.36 R46.50 None of the above