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Copenhagen Covered (A). Heidi Hi Jensen, a foreign exchange trader at JPMorgan Chase, can invest $5 million or the Danish kroner ( kr ) equivalent,

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Copenhagen Covered (A). Heidi Hi Jensen, a foreign exchange trader at JPMorgan Chase, can invest $5 million or the Danish kroner ( kr ) 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? The ClA profit potential is 0.253%, which tells Heidi Hi 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 ) Heidi Hi Jensen generates a covered interest arbitrage (CIA) profit of \$ (Round to the nearest cent.) Data table (Click on the following icon in order to copy its contents into a spreadsheet.)

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