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Use the following information to answer the question. The Canadian annual interest rate is 2 percent. The interest rate in the U.K. is 4 percent. The spot rate is CAD$1.60/£. The forward rate is CAD$1.58/£ and has a oneyear maturity. An arbitrager can borrow a maximum of CAD$1,000,000 or £625,000. What is the net cash flow in one year?
A. 
CAD$238.65 

B. 
CAD$14,000 

C. 
CAD$46,207 

D. 
CAD$11,300 

E. 
CAD$7,000 