Question $5-$ On checking the Telerate screen, you see the following exchange rate and interest rate quotes being quoted by a major bank: $-$ U$.$S$.$ Dollar $90-$Day Interest Rates $($Annualized$)3\mathrm{.}78\backslash \%-3\mathrm{.}83\backslash \%-$ Swiss franc $90-$Day Interest Rates $($Annualized$)2\mathrm{.}31\backslash \%-2\mathrm{.}36\backslash \%($NB: The above interest$-$rates are annualized interest$-$rates appropriate for a period of $90$ days which you assume is exactly $0\mathrm{.}25$ years$).-$ Spot Rates $\backslash [\backslash$text $\{$ SFR$/$USD $=\}1\mathrm{.}5185-1\mathrm{.}5190\backslash ]-90-$Day Forward Rates SFR$/$USD $=1\mathrm{.}5142-1\mathrm{.}5149($NB: The spot and forward rates are expressed as the number of SFR per USD.$)-$ You work for a hedge fund in New York trying to profit from arbitrages. Is there an arbitrage? If your boss says that you can use $40$ mio SFR as risk capital, how much arbitrage $($guaranteed$,$ risk$-$free$)$ profit can you make? Give your answer in SFR to the nearest SFR$.$ If there is no arbitrage, enter zero.