The current dollar/Swiss franc spot exchange rate is 0.5685. If you invest one dollar for ninety days

Question:

The current dollar/Swiss franc spot exchange rate is 0.5685. If you invest one dollar for ninety days in the US domestic riskless asset, you earn $1.0101, and if you invest one franc for ninety days in the Swiss riskless asset, you earn 1.0113 francs (assume continuous compounding). A broker offers you a ninety- day forward contract to buy or sell 1 million francs at the exchange rate of 0.55 dollars/franc. Are there arbitrage profi ts to be made here? If so, compute them.

Broker
A broker is someone or something that acts as an intermediary third party, managing transactions between two other entities. A broker is a person or company authorized to buy and sell stocks or other investments. They are the ones responsible for... Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...