Assume the Current Spot Rate Is Can$1

Assume the current spot rate is Can$1.2811 and the one-year forward rate is Can$1.2767.Also assume the nominal risk-free rate in Canada is 3.2 percent while the U.S.rate is 3.5 percent.Using covered interest arbitrage you can earn an extra profit of ________ for every $1 invested over the next year.

A) $.0018
B) $.0015
C) $.0011
D) $.0006
E) $.0002