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7 The spot rate between Canada and the U.S. Is Can$1.2446/5, while the one-year forward rate is Can$12445/$. The risk-free rate in Canada is 463

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7 The spot rate between Canada and the U.S. Is Can$1.2446/5, while the one-year forward rate is Can$12445/$. The risk-free rate in Canada is 463 percent and risk-free rate in the United States is 276 percent. How much in profit can you earn on $12,000 utilizing covered interest arbitrage? 754 points Multiple Choce $225.41 525132 o $19723 o $223.39 O $180.33

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