Assume the following information:

Spot rate today of Swiss franc

$1-$year forward rate today for Swiss franc

Expected spot rate $1$ year from now

$$\mathrm{.}60$

Rate on $1-$year deposits denominated in Swiss francs

Rate on $1-$year deposits denominated in U$.$S$.$ dollars

Suppose you can borrow $$1,000,000$ in the US or SFr $2,000,000$ in Switzerland. By undertaking covered interest arbitrage, you could make a profit of:

$$33,500$

$$12,350$

SFr $67,000$

SFr $24,700$