Prob em You work as a trader for the arbitrage desk at RawTrade, exchange exchangeat ern time vouos he eioting spot and utures toreign the following market prices and rates. The spot price of Canadian in 6 months is $10400 CS The US 6-month interest rate is 6.5% ekchange rate between USS and Canadian dollar is S1.1100/CS, while forward price of dollar for the cont ract maturing per annum, while Canadian 6-month interest rate is 35% based on continuous compounding. are per annum. Both interest rates (a) What is the no-arbitrage futures exchange rate? (4 pts) (a) and data provided, deseribe in detail the arbitrage strategy at will earn profit and calculate your profit, assuming that you can lend or borrow 1000 (b) Given your answer in part th units of a currency. (12 pts)