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Using the following information, assume you spend $1 million USD to create an arbitrage trading strategy. What is your profit is USD. Remember to consider

Using the following information, assume you spend $1 million USD to create an arbitrage trading strategy. What is your profit is USD. Remember to consider the profit after you pay back your loan

Spot (CAD/USD)=1.45

1 Year Forward (CAD/USD) = 1.40

1 Year Canadian interest rate of 2% in Canadian Dollars (CAD)

1 Year US interest rate of 5% in US Dollars (USD)

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