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Casper Landsten-Thirty Days Later. Casper Landsten once again has $0.9 million (or its Swiss franc equivalent) to invest for three months. He now faces the following rates. Should he enter into a covered interest arbitrage (CIA) investment? S 900,000 1.3393 Arbitrage funds available Spot exchange rate (SFr/$) 3-month forward rate (SF/S) U.S. Dollar annual interest rate Swiss franc annual interest rate 1.3288 4.753 % 3.626 % yielding currency, the and then sell the principal and interest forward The CIA profit potential is %, which tells Casper Landsten he should borrow and invest in the three months locking in a CIA profit. (Round to three decimal places and select from the drop-down menus.)