Your bank quotes you the following currency prices: Spot rate: USD 1.30 / GBP 90-day forward rate: USD 1.28 / GBP 90-day interest rate in US: 3 percent 90-day interest rate in Great Britain 4 percent What is your future arbitrage profit in GBP if you start by borrowing GBP 1,000,000? Question 19 4 pts Suppose you observe the following annual information: Spot rate: USD 1.6500 / GBP Forward rate: USD 1.6000 / GBP Interest rate in the US: 2.00 percent Interest rate in the UK: 2.10 percent What is the future arbitrage profit in GBP in one year if you start by borrowing GBP 1,000,000