Copenhagen Covered (A). Heidi Hai Jensen, a foreign exchange trader at J.P. Morgan Chase, can invest $4.9 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? Arbitrage funds available $ 4,900,000 Spot exchange rate (kr/) 6.1722 3-month forward rate (kr/5) 6.1979 U.S. dollar annual interest rate 3.000 % Danish Krone annual interest rate 5.050 % The CIA profit potential is %, which tels Heidi Hel Jensen that she should borrow and invest in the higher yielding currency the for CIA profit. (Round to three decimal places and select from the drop-down menus.)