Currently, the spot exchange rate is $$1\mathrm{.}50/$ and the three$-$month forward exchange rate is $$1\mathrm{.}52/.$ The three$-$month interest rate is $8\mathrm{.}0\%$ per annum in the U$.$S$.$ and $5\mathrm{.}8\%$ per annum in the U$.$K$.$ Assume that you can borrow as much as $$1,500,000$ or $1,000,000.$

$1.$ Determine whether the interest rate parity is currently holding $($just enter either yes or no$)$:

$($just enter yes or no$).$

$2.$ If the IRP is not holding, compute and enter the total amount of arbitrage profit in dollars $($if your profit is $$2,000\mathrm{.}00,$ just enter $"2,000",$ i$.$e$.,$ round to zero decimal$)$

$3.$ If the IRP is not holding, compute and enter the total amount of arbitrage profit in pound $($if your profit is $2,000\mathrm{.}00$ pound, just enter $"2,000",$ i$.$e$.,$ round to zero decimal$)$