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Copenhagen Covered (B). Heidi Hoi Jensen, a foreign exchange trader at J.P. Morgan Chase, can imvest $5 million, or the foreigh currency equivient of the

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Copenhagen Covered (B). Heidi Hoi Jensen, a foreign exchange trader at J.P. Morgan Chase, can imvest $5 million, or the foreigh currency equivient of the bark's short verm fundk, in a eovered interest arbitrage with Denmark. She is now evaluating the arbitrage profit potential in the same market after interest rates change: . Note that anyme the diference in interest rates does not exactly equal the forward premium, it must be possible to muke CIA proft ane way or another.)

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