Question: 3. Using the forward rates from Barchart, combined with the current interest rates from CNBC Bonds page, evaluate if interest rate parity holds for the

3. Using the forward rates from Barchart, combined with the current interest rates from CNBC Bonds page, evaluate if interest rate parity holds for the UKfUSD exchange rate predicted for 1 year from now. (Note: you can use bid/ask midpoint) (a) Show the arbitrage profits available if you have $1,000,000 to invest (b) Compare the Barchart forward price to the CME group futures price. How would you arbitrage this difference? Show the steps you would take and the profits available to a $1,000,000 investment

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