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1. Using the following information, assume you spend $1 million USD to create an arbitrage trading strategy. What is your profit is USD. Remember to

image text in transcribed 1. Using the following information, assume you spend \$1 million USD to create an arbitrage trading strategy. What is your profit is USD. Remember to consider the profit after you pay back your loan - Spot (CAD/USD) =1.45 - 1 Year Forward (CAD/USD) =1.40 - 1 Year Canadian interest rate of 2% in Canadian Dollars (CAD) - 1 Year US interest rate of 5% in US Dollars (USD)

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