Your bank quotes you the following currency prices: Spot rate: USD 1.10 / EUR Spot rate: EUR 100 / JPY Spot rate: JPY 0.01 / USD What is your arbitrage profit in EUR if you start with EUR 1,000,000? Question 22 4 pts As of today, the spot exchange rate is USD 1.60 / EUR and the expected inflation rates for next year are 1.97 percent in the US and 3.00 percent in the euro zone. What is the one-year forward rate for EUR under relative purchasing power parity and unbiased forward expectations (Enter the numerator of the USD / EUR forward rate)