13. You borrowed $ 695,000.00 for six months in Miami, converted it immediately into MXN, and deposited in an interest bearing MXN account. Based on the following rates, calculate the outcome (loss or prot} of a CIA (covered interest arbitrage) on this amount. If a loss, indicate it by a negative sign. For simplicity, borrowing and lending rates are assumed to be the same. Spot rate on MXN = MXN 15.06iUSD Six-month forward rate on MXN = MXN 15.68HJ SD Interest rate on USD = 3.2 percent per annum. Interest rate on MXN account = 4.8 percent per annum. VVT'V