Copenhagen Covered (A). Heidi Hi Jensen, a foreign exchange trader at J.P. Morgan Chase, can invest $4.95 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? $ 4,950,000 6.1717 Arbitrage funds available Spot exchange rate (kr/$) 3-month forward rate (kr/$) U.S. dollar annual interest rate 6.1982 3.100 % Danish Krone annual interest rate 5.050 % Heidi Hi Jensen generates a covered interest arbitrage (CIA) profit of $ (Round to the nearest cent.)