Also find profit amount

X Problem 6-12 (algorithmic) Question Help Casper Landsten-CIA (A). Casper Landsten is a foreign exchange trader for a bank in New York. He has $0.95 million (or its Swiss franc equivalent) for a short term money market investment and wonders if he should invest in U.S. dollars for three months, or make a CIA investment in the Swiss franc. He faces the following quotes: 950,000 Arbitrage funds available Spot exchange rate (SFr/$) 3-month forward rate (SFr/$) 1.2806 1.2743 U.S. Dollar annual interest rate 4.796 % Swiss franc annual interest rate 3.204 % yielding currency, the in order The CIA profit potential is %, which tells Casper Landsten he should borrow and invest in the to earn covered interest arbitrage (CIA) profits. (Round to three decimal places and select from the drop-down menus.)