Question: Flag question at Question text Abena Manu invests regularly on the international financial market. She has the capacity to borrow GHC10 million or its USA

Flag question at Question text Abena Manu invests regularly on the

Flag question at Question text Abena Manu invests regularly on the international financial market. She has the capacity to borrow GHC10 million or its USA dollar equivalent for arbitrage investment activities. The annual interest rate on the Ghanaian money market is 10 percent per annum and that of the U. S. A is 10 percent per annum. The spot exchange rate between the Ghana cedi (GHC) and U.S. A dollar (USS) is GHC1.75/S and the three month forward rate is $0.7/GHC.Calculate IF ANY the arbitrage profit

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