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The spot rate between Swiss and the U . S . is SF 2 . 1 = $ 1 , while the 1 - year

The spot rate between Swiss and the U.S. is SF2.1= $1, while the 1-year forward rate is SF1.9= $1. The risk-free rate in Swiss is 4%. The risk-free rate in the U.S. is 6%. How much profit can you earn on a loan of $5,000 by utilizing covered interest arbitrage?
a.
$83.26
b.
$447.37
c.
$348.41
d.
$61.58

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