An investor has borrowed CHF 1,000,000 and wants to invest the funds in the currency markets for 3 months. The current spot exchange rate versus the US$ is 1.065 (US$ per CHF). The continuously compounded interest rates in the US and Switzerland are 0.40% and 0.25% respectively. The 3-month currency forward price is 1.055 (US$ per CHF). Identify whether or not the investor has an arbitrage opportunity that they can exploit for a 3-month period and the subsequent profit that may arise.