Suppose that the annual interest rate is 4.0 percent in the United States and 2.0 percent in Japan, and that the spot exchange rate is ¥115/$ and the forward exchange rate, with one-year maturity, is ¥110/$. Assume that an arbitrageur can borrow up to $1,000,000 or its equivalent in Japanese yen. If an astute trader finds an arbitrage opportunity, what is the arbitrage profit in dollars in one year? Group of answer choices $25,244 $11,000 $26,364 $1,250