At January 1, 2015, Fugazi reported retained earnings of $50,000. Dividends for the year totalled $10,000. At December 31, 2015, the company will report retained earnings of O $17,500. $32,500. $40,000. $42,500.

At January 1,2015 , Fugazi reported retained earnings of $50,000. Dividends for the year totalled $10 p00. At December 31,2015, the company will report retained earnings of $17,500. $32,500. $40,000. $42,500. Calculate the dollar profit from the covered interest arbitrage strategy using the information below. Assume you can borrow $1,000,000. Do not round any intermediate calculations (keep at least two decimals). However, enter your final answer without decimals (i.e., 10 and not 9.8 )