If the interest rate in Oman is 10% and in China is 15%. Current spot exchange rate is CNY16.59/OMR and one-year forward rate is CNY16.57/OMR. If you have the option to borrow OMR 1,000 from bank...

Extracted text: If the interest rate in Oman is 10% and in China is 15%. Current spot exchange rate is CNY16.59/OMR and one-year forward rate is CNY16.57/OMR. If you have the option to borrow OMR 1,000 from bank Muscat for one year then, on the basis of covered interest arbitrage how much arbitrage profit you can make? OMR 51.3880 None of these OMR 1,051.3880 OMR 1,000