Brainteaser iconBrainteaser - Bond Arbitrage

Bond Arbitrage
Finance
J.P. Morgan
You have a bond and a bank account that offer 5% and 3% annual interest rates, respectively. You can either buy or borrow the bond, and similarly, you can either deposit money into or borrow from the bank. Given an arbitrage opportunity, how much profit can you make at the end of one year, by exploiting the difference in interest rates?