(3) Consider the following information: $/C$.......................................................$0.80 90-day forward for C$...........................$0.79 90-day U.S Interest Rate2.5% 90-day Canadian Interest Rate.4.0% (a)From the perspective of a U.S. investor, assess the feasibility of covered interest arbitrage. (b) Suppose the investor does not have the benefit of your assessment in part a above, and went ahead to invest $10 million, determine the profit/loss it could earn. (c)Describe the market forces (spot market, forward market & credit market) that could eliminate further possibilities of covered interest arbitrage