The one$-$year interest rate in Canada is $7\%.$ The one$-$year U$.$S$.$ interest rate is $5\%.$ The one$-$year forward rate of the Canadian dollar is $$0\mathrm{.}74.$ Find the bid and ask price of Canadian dollar from a bank and explain whether covered interest arbitrage is feasible for U$.$S$.$ investors. Is it feasible for Canadian investors? In each case, explain why covered interest arbitrage is or is not feasible.