Casper Landsten once again has $0.9million (or its Swiss franc equivalent) to invest for three months. He now faces the following rates. Should he enter into a covered interest arbitrage (CIA) investment?

Arbitrage funds available $900,000

Spot exchange rate (sFr/$) 1.3394

3-month forward rate (sFr/$) 1.3287

US Dollar Int. rate 4.752%

Swiss Franc annual Int rate 3.627%

The CIA Profit potential is ____%, which tells Casper Landsten he should borrower ______(Swiss Francs or US Dollars) and invest in the ____(higher or lower) yielding currency, the ____(Swiss Franc or US Dollar) and then sell the ____ (Swiss Franc or US Dollar) principal and interest forward 3 months locking in a CIA profit. (Round to three decimals and select from the drop downs. - Drop Down selects are in parathesis