Assuming (1) that you can buy a pound sterling call with strike price of $1.50 for 3 cents, (2) that you can sell a sterling put at the same strike price for 4 cents, (3) that the prevailing forward rate is $1.54, and (4) that the annual risk-free rate in the United States is 6 percent, show how arbitrageurs can generate a riskless profit. Explain how you would expect the different prices to adjust.