Akemi Yamada, a foreign exchange trader at Credit Suisse (Tokyo), is exploring covered interest arbitrage (CIA) possibilities. She wants to invest $900,000 or its yen equivalent in a covered interest arbitrage between U.S. dollars and Japanese yen. She faced the following exchange rate and interest rate quotes. Assumptions Value Arbitrage funds available $900,000 Spot rate (4/5) 105.46 180-day forward rate (1/5) 104.75 180-day U.S. dollar interest rate 190-day Japanese yen interest rate 3.40% 4,8096 What is the CIA profit potential (96) Ito 4-decimal place] the difference in interest rates and the forward discount rate