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Casper Landsten-CIA (A). Casper Landsten is a foreign exchange trader for a bank in New York. He has $0.9 million (or its Swiss franc equivalent)

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Casper Landsten-CIA (A). Casper Landsten is a foreign exchange trader for a bank in New York. He has $0.9 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: The CIA profit potential is %, which tells Casper Landsten he should borrow and invest in the order to earn covered interest arbitrage (CIA) profits. (Round to three decimal places and select from the drop-down menus.)

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