The 9-month continuously compounded interest rates in the U.S. and Switzerland are 3% and 10% per annum, respectively. The current spot exchange rate is 1.1 Dollars per Swiss Franc. A broker offers you a 9-months futures contract to buy or sell 1 Swiss Franc at the exchange rate of 1.2524 Dollars per Swiss Franc. What is the is the amount of profit in Swiss Francs that the arbitrageur may realise today (t = 0)?

Please explain in detail the transactions needed to realize this profit and show your workings.