Suppose the current exchange rate between CNY and USD is $0\mathrm{.}16.$ The CNY continuously compounded risk$-$free rate is $3\%$ and the USD continuously compounded risk$-$free rate is $1\%.$ If the $1-$ year CNY$/$USD forward price is $0\mathrm{.}20,$ is there any arbitrary opportunity? If yes, what actions should be taken and how much profit can be realized?