Casper Landsten—Thirty Days Later. One month after the events described in Problem 6.12 and 6.13, Casper Landsten once again has $1 million (or its Swiss franc equivalent) to invest for three months. He now faces the following rates. Should he again enter into a covered interest arbitrage (CIA) investment?

Arbitrage funds available $1,000,000 Spot exchange rate (SFr/$) 1.3392 3-month forward rate (SFr/$) 1.3286 U.S. dollar 3-month interest rate 4.750%

Swiss franc 3-month interest rate 3.625%