The current US $ Canadian dollar (C$) exchange rate is $0.75/C$. The yield on a one year US Treasury security is 1%, and the yield on the one year Canadian Treasury security is 1.5%. The one year forward rate (F_s/cs) is $0.80/c$. Based on these quotes, does interest reate parity hold? Show you work. Based on your answer above, if interest rate parity does not hold, how can you take advantage of the discrepancy to make a risk-free profit? Assume that you will borrow/invest the equivalent of US$1,000. (Be specific in your answer: state in which currency you will borrow and invest; the total cost of borrowing; the proceeds from your investment, and the net profits from your strategy