The current spot rate is C$1.362/USS and the one-year forward rate is C$1.371 /USS. The nominal risk-free rate in Canada is 6 percent while it is 3.5 percent in the U.S. Assuming U.S. to be the home country, answer the following questions a) Is there an arbitrage opportunity available? Show your workings. b) If your answer to i) is yes, show the amount and currency of arbitrage profit if you start with USS 5. 1.000.000. What do you call this profit? (5 points)