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Casper Landsten-ClA (A). Casper Landsten is a foreign exchange trader for a bank in New York. He has $0.95 million (or its Swiss franc equivalent)

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Casper Landsten-ClA (A). Casper Landsten is a foreign exchange trader for a bank in New York. He has \$0.95 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 ClA 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 yielding currency, the Swiss franc, in order to eam covered interest arbitrage (CIA) profits. (Round to three decimal places and select from the drop-down menus.) The CIA profit amount is $ (Round to the nearest cent.)

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