Let's suppose you have $1 million to invest. you are considering to invest in uk first, then convert the british pound back to us$ in the future. you know following information: annual interest rate on investment in us: 2% annual interest rate on investment in uk: 4% investment period: 1 year current exchange rate: 1.48 $/bp forward exchange rate which you can apply when converting bp to us$: 1.47 $/bp what would be profit if you apply the covered-interest arbitrage?

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Scenario: you have advised the owner of bond's gym that the best thing to do would be to raise the price of a monthly membership. the owner wants to know what may happen once this price increase goes into effect. what will most likely occur after the price of a monthly membership increases? check all that apply. current members will pay more per month. the quantity demanded for memberships will decrease. the number of available memberships will increase. the owner will make more money. bond's gym will receive more membership applications.