A is a foreign exchange trader for a bank in Germany, seeking arbitrage opportunities between European market and US market. The information about spot/forward exchange rate , interest rates between U.S. dollar and euro are as following:

Assumptions				Value
Arbitrage scale ($ or )				4,000,000.00
Spot exchange rate ($/)				1.1000
3-month forward rate ($/)				1.1055
US dollar 3-month interest rate				2.500%
Euro 3-month interest rate				5.500%

Is it possible to make CIA profit ?

If the CIA profit exists, list the process and the final profit. If not ,explain why.