Suppose you observe the following 1-year interest rates, spot exchange rates and futures prices. Futures contracts are

Question:

Suppose you observe the following 1-year interest rates, spot exchange rates and futures prices. Futures contracts are available on €10,000. How much risk-free arbitrage profit could you make on 1 contract at from this mispricing?
Current Spot rate ($/Euro) =1.4500
Current One year Forward Rate ($/Euro) =1.4800
U.S. Interest Rate=4%
Euro Interest Rate=3%

Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...