The current spot rate is C$1.380 and the one-year forward rate is C$1.320. The nominal risk-free rate in Canada is 5 percent while it is 9 percent in the U.S. Using covered interest arbitrage you can earn an extra _____ profit over that which you would earn if you invested $1 in the U.S.

$0.0077

$0.0577

$0.0857

$0.0000

$0.0780