Question: Please let me know and round to the nearest tenth The spot rate between Canada and the U5. is Can$1.2428)'$. while the one-year forward rate

Please let me know and round to the nearest tenth

The spot rate between Canada and the U5. is Can$1.2428)'$. while the one-year forward rate is Ca n$1.242?{$. The risk-free rate in Canada is 4.51 percent and risk-free rate in the United States is 2.70 percent. How much in profit can you earn on $9.000 utilizing covered interest arbitrage

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