QUESTION 2 [3 MARKS] As an arbitrageur in the FX market, you are checking the Australian Dollar (AUD) Indian Rupee (INR) pair. As of today (31 May 2022), you observe a spot exchange rate of 55.91 INR per AUD. In Australia the risk-free rate is now at 3.50%, while in India is at 3.98%. Those interest rates are per annum, with continuous compounding. You see the following forward rates on your screen: Maturity Rate September 2022 55.3505 November 2022 56.0444 Is there an arbitrage profit opportunity? If so, how could you take advantage of it? Note: Ignore transaction costs and assume the forward contracts expire at the of the respective month. Show all your detailed workings and round to 4 decimal digits at each step