The spot rate between Canada and the U.S. Is Can$1.2401/$, while the one-year forward rate is Can$1.2400/$. The risk- free rate in Canada is 4.33 percent and risk-free rate in the United States is 261 percent How much In profit can you earn on $4,500 utilizing covered interest arbitrage? Multiple Choice $62.22 o 0 0 $77.78 O O $77.02 O $86.65 o $68.06