Suppose one-year German Treasury bill pays 4.2% and one-year Canadian Treasury bill pays 294%. The current spot exchange rate is 1 Euro (EUR) = 1.3588 Canadian dollar (CAD) and the one-year forward exchange rate is 1 EUR = 1.3229 CAD. How much arbitrage profit can an investor eam on an investment value of CAD 1 million? Answer CAD (DO NOT ROUND YOUR CALCULATIONS UNTIL YOU REACH THE FINAL ANSWER ENTER YOUR RESPONSE ROUNDED TO TWO DECIMAL PLACES AND NO SEPARATOR FOR THOUSANDS) Suppose one-year German Treasury bill pays 4.2% and one-year Canadian Treasury bill pays 294%. The current spot exchange rate is 1 Euro (EUR) = 1.3588 Canadian dollar (CAD) and the one-year forward exchange rate is 1 EUR = 1.3229 CAD. How much arbitrage profit can an investor eam on an investment value of CAD 1 million? Answer CAD (DO NOT ROUND YOUR CALCULATIONS UNTIL YOU REACH THE FINAL ANSWER ENTER YOUR RESPONSE ROUNDED TO TWO DECIMAL PLACES AND NO SEPARATOR FOR THOUSANDS)