Can you please show me the steps in how to get both anwers please

6.7 6: International Parity Conditions Corolla at the end of the year? Kamada: CIA Japan (A). Takeshi Kamada, a foreign exchange trader at Credit Suisse (Tokyo), is exploring covered interest arbitrage possibilities. He wants to invest $5,000,000 or its yen equivalent in a covered interest arbitrage between U.S. dollars and Japanese yen. He faced the following exchange rate and interest rate quotes. Is CIA profit possible? If so, how? Arbitrage funds available Spot rate (1/5) 180-day forward rate (1/5) 180-day US dollar interest rate 180-day Japanese yen interest rate $5,000,000 118,60 117.80 4.800% 3,400% 6.8 Kamada: UIA Japan (B).Takeshi Kamada. Credit Suisse (Tokyo), observes that the V/$ spot rate has been holding steady, and that both dollar and yen interest rates have remained relatively fixed over the past week. Takeshi wonders if he should try an uncovered interest arbitrage (UIA) and thereby save the cost of forward cover. Many of Takeshi's research associates, and their computer models--are predicting the spot rate to remain close to V118.00/$ for the coming 180 days. Using the same data as in Problem 6.70, analyze the UIA potential. Copenhagen Covered (A). Heldi Hoi Jensen, a foreign exchange trader at JPMorgan Chase, can invest 55 million, or the foreign currency equivalent of the bank's short-term funds, in a covered interest arbitrage with Denmark. Using the following quotes can Heidi make a covered interest arbitrage (CIAprofit? 6.9 6.7 Kamada: CIA Japan (A). Takeshi Kamada, a foreign exchange trader at Credit Suisse (Tokyo), is exploring covered interest arbitrage possibilities. He wants to invest $5,000,000 or its yen equivalent in a covered interest arbitrage between U.S. dollars and Japanese yen. He faced the following exchange rate and interest rate quotes. Is CIA profit possible? If so, how? $5,000,000 118.60 Arbitrage funds available Spot rate (V/5) 180-day forward rate (4/5) 180-day US dollar interest rate 180-day Japanese yen interest rate 117.80 4.800% 3.400% 6.8 Kamada: UIA Japan (B). Takeshi Kamada, Credit Suisse (Tokyo), observes that the V/$ spot rate has been holding steady, and that both dollar and yen interest rates have remained relatively fixed over the past week. Takeshi wonders if he should try an uncovered interest arbitrage (UIA) and thereby save the cost of forward cover. Many of Takeshi's research associates and their computer models are predicting the spot rate to remain close to X118.00/S for the coming 180 days. Using the same data as in Problem 6.70, analyze the UIA potential. Copenhagen Covered (A). Heidi Hoi Jensen, a foreign exchange trader at JPMorgan Chase, can invest $5 million, or the foreign currency equivalent of the bank's short-term funds, in a covered interest arbitrage with Denmark. Using the following quotes, can Heidi make a covered interest arbitrage (CIA) profit? 6.9