Copenhagen Covered in for change der Morgen Craw.convex S4 95 minore foreign currency warto bancs shormona con tres Drake wilt be tirage propertiest rates change rate that anyone can style forewdrim tot be possible to make a profit one way or another And 32660.000 Tooted tout 8. &000 5.00 The CIA proposta 0,71% which is that the should bomow Danish Krone and interest rate cure, the wing on the rechange of dollars for one the the period Road to tree The CIA profit arcurtis Hond uit hard decorat lama) Help me solve this View an example Get more help Clear all Come answer Copenhagen Covered (8) Heidi Hai Jensen a foreign exchange trader at JP Morgan Chase, can Invest 94 95 milion, or the foreign currency equivalent of the bank's short term funds, in a covered interest arbitrage with Denmark. She is now evaluating the arbitrage profit potential in the same market after interest rates change. (Note that anytime the difference in interest rates does not exactly equal the forward premium, it must be possible to make CIA profit one way or another) $ Arbitrage funds available Spot exchange rate (1/5) 3 month forward rate (5) US dollar strate Danish krone annual interest rate 4,950,000 6.1717 5.1970 4050 5.050 % The CIA profit potentialis -0.071%, which is Heids that she should borrow Danish krone and invest in the lower interest rate currency, the dollargaining on the re-exchange of dollars for krone at the end of the period (Round to three decimal places and select from the drop-down menus) The CIA profit amounts Pound to two deomal places)