Casper Landsten-Thirty Days Later. Casper Landsten once again has $1.1 million (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 $ 1,100,000 Spot exchange rate (SFr/$) 1.3392 3-month forward rate (SFr/$) 1.3286 U.S. Dollar annual interest rate 4.749 % Swiss franc annual interest rate 3.621 %

a) The CIA profit potential is 2.063 %, which tells Casper Landsten he should borrow U.S. dollars and invest in the lower-yielding currency, the Swiss franc , and then sell the Swiss franc principal and interest forward three months locking in a CIA profit. (Round to three decimal places and select from the drop-down menus.)

b) The CIA profit amount is $ . (Round to the nearest cent.)

!!!!!can I have some help with part b please!!!