18 Ints eBook Multiple Choice $123.31 MC algo 21-18 Covered Interest Arbitrage The spot rate between Canada and the U.S. is Can$1.2416/$, while the one-year forward rate is Can$1.2415/$. The risk-free rate in Canada is 4.43 percent and risk-free rate in the United States is 2.66 percent. How much in profit can you earn on $7,000 utilizing covered interest arbitrage? $108.93 Saved 101 10 < Prev 18 of 25 Help Nxt > Save & Exit Submit