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Copenhagen Covered (A). Heidi Hei Jensen, a foreign exchange trader at J.P. Morgan Chase, can invest $5,1 milion, or the foreign currency equivalont of the

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Copenhagen Covered (A). Heidi Hei Jensen, a foreign exchange trader at J.P. Morgan Chase, can invest $5,1 milion, or the foreign currency equivalont of the bank's short term funds, in a coven interest arbitrage with Denmark. Using the folowing quotes, can Heidi make a covered interest arbitrage (CiA) profit? The ClA profit potential is %, which telis Heidi Hisi Jensen that she stould borrow and invest in the higher yielding currency the for CiA profit. (Round to theee decimal places and select from the drop-down menus.)

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