Please assist with the following problem.
The spot rate between Canada and the U.S. is C$1.2381 - $1, while the 1-year forward rate is C$1.2379 = $1. The risk-free rate in Canada is 2.8 percent. The risk-free rate in the U.S. is 3.6 percent. How much profit can you earn on a loan of $10,000 by utilizing covered interest arbitrage?
a) -$81.42
b) -$78.34
c) -$53.60
d) $34.91
e) $65.07
Please show how to find the solution.