Suppose that the current spot exchange rate is $0\mathrm{.}81$ per $ and the three$-$month forward exchange rate is $0\mathrm{.}7913$ per $$.$ The three$-$month interest rate is $5\mathrm{.}60$ percent per annum in the United States and $5\mathrm{.}40$ percent per annum in France. Assume that you can borrow up to $$1,000,000$ or $810,000.$

Required:

How will you realize a certain profit via covered interest arbitrage, assuming that you want to realize profit in terms of U$.$S$.$ dollars? What will be the size of your arbitrage profit?