What would be the arbitrage profit per futures contract

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Question - The forward price for Canadian dollars (Can$) for 15 April is US$0.80. If the price for IMM Can$ futures with a delivery date of 15 April is US$0.82, what arbitrage opportunity is there? What would be the arbitrage profit per futures contract (the contract size being Can$100,000)?

Reference no: EM132979962

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