Following Exchange and Interest Rate Quotations in 1998 Were Observed

following exchange and interest rate quotations in 1998 were observed: $\begin{array}{|l|c|c|c|c|c|c|c|}\hline&\text {Eurocurrency rates}&&&\text {Exchange rate per \$ }\\\hline& \begin{array}{c}\text { 90-days (\% annum) } \\\text { (Discretely-compounded) }\end{array} && \text { Spot } && \begin{array}{c}\text { 90-day } \\\text { forward }\end{array} \\ \hline & \$ & \text { DM } & £ & \text { DM } & £ & \text { DM } & £ \\\hline\text { Bid: } & 155 / 8 & 77 / 8 & 121 / 4 & 1.881 & 4961 & 1.801 & 4937 \\\hline\text { Ask: } & 16 & 81 / 4 & 13 & 1.843 & 4902 & 1.773 & 4889\\\hline\end{array}$ An arbitrage profit can be obtained by

A) borrowing pounds and lending dollars
B) borrowing dollars and lending DM
C) borrowing DM and lending pounds
D) there are no arbitrage opportunities