Copenhagen Covered (A). Heidi Hoi Jensen, a foreign exchange trader at J.P. Morgan Chase, can invest $5.1 million, or the foreign currency equivalent of the bank's recta short term funds, in a covered interest arbitrage with Denmark. Using the following quotes, can Heidi make a covered interest arbitrage (CIA) profit? he sta Arbitrage funds available $ 5,100,000 Spot exchange rate (kr/S) 6.1719 ment 3-month forward rate (kr/$) 6.1970 U.S. doll annual interest rate 2.900 % Danish krone annual interest rate 4.950 % The CIA profit potentialis []%, 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) for ye Heidi Hel Jensen generates a covered interest arbitrage (CIA) profit of $. Round to the nearest cont> of the fi