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 6.1715 Arbitrage funds available Spot exchange rate (kr/S) 3-month forward rate (kr/S) U.S. dollar annual interest rate Danish Krone annual interest rate 6.1982 3.000 % 5.050 % The CIA profit potential is %, which tells Heidi Hoi Jensen that she should borrow Danish krones and invest in the higher yielding currency the U.S. dollar for CIA profit. (Round to three decimal places and select from the drop-down menus.) The CIA profit amount is $. (Round to the nearest cent.)