Assume the current spot rate is Can $$1\mathrm{.}2803$ and the one$-$year forward rate is Can $$1\mathrm{.}2745,$ Also assume the nominal risk$-$free rate in Canada is $4\mathrm{.}8$ percent while it is $4\mathrm{.}2$ percent in the U$.$S$.$ Using covered interest arbitrage, you can earn a profit of for every $$1$ invested over the next year.

Multiple Choice

$-$$$\mathrm{.}0088$

$$\mathrm{.}0108$

$-$$$\mathrm{.}0040$

$-$$$\mathrm{.}0840$

$$\mathrm{.}0163$