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Assume you are a USA investor & you have 1 million US $. The 90-day interest rate in Mexico is 3 % and the 90-day

Assume you are a USA investor & you have 1 million US $.  The 90-day interest rate in Mexico is 3 % and the 90-day U. S. rate is 2%. The spot rate is 19.56 Pesos to the dollar and the 90-day forward rate is 19.99 Pesos to a dollar. If the USA investor engages in CIA, will it be profitable? Outline the steps and show the results.

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