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The spot rate between Canada and the U.S. is Can$1.2434/$, while the one-year forward rate is Can$1.2433/$. The risk-free rate in Canada is 4.55 percent

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The spot rate between Canada and the U.S. is Can$1.2434/$, while the one-year forward rate is Can$1.2433/$. The risk-free rate in Canada is 4.55 percent and risk-free rate in the United States is 2.72 percent. How much in profit can you earn on $10,000 utilizing covered interest arbitrage? Multiple Choice $147.07 $204.93 $160.86 $183.84 $182.16 O

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