Question: The spot rate between Canada and the U.S.is Can$12383/5. while the one year forward rate is Can$12384/$. The risk free rate in Canada is 2.84

The spot rate between Canada and the U.S.is Can$12383/5. while the

The spot rate between Canada and the U.S.is Can$12383/5. while the one year forward rate is Can$12384/$. The risk free rate in Canada is 2.84 percent and risk free rate in the United States is 2.55 percent. How much in profit can you earn on $10,000 utilizing covered interest arbitrage

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