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The spot rate between Canada and the US is Can$1.2419/8 while the one year forward rate is CANS1 2418/USD. The risk free rate in Canada

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The spot rate between Canada and the US is Can$1.2419/8 while the one year forward rate is CANS1 2418/USD. The risk free rate in Canada is 4.45% and the risk free rate in the US is 2.67%. What is the potential profit from $37500000 in covered interest arbitrage? $134130 O. $132014 . $68654.41 Od $67065.41 2 percentage points below, appreciate by about 2% e

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