Use the Following Information to Answer This Question $\bullet$ Current Spot Rate C$1

Multiple Choice

Use the following information to answer this question:
$\bullet$ Current Spot Rate C$1.10 per $US
$\bullet$ Future Spot Rate C$1.1063 per $US
$\bullet$ Forward Rate C$1.1044 per $US
$\bullet$ Exposure $100,000 US.
What is the profit in Canadian dollars of covering the long position?

A) C$110
B) C$116
C) C$114
D) C$190