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Heidi Hi Jensen, a foreign exchange trader at J.P. Morgan Chase, can invest $10 million, or the foreign currency equivalent of the bank's short term
Heidi Hi Jensen, a foreign exchange trader at J.P. Morgan Chase, can invest $10 million, or the foreign currency equivalent of the bank's short term funds, in a covered interest arbitrage with Denmark. Heidi plans to use the following quotes to make a covered interest arbitrage (CIA). Because for this level of analysis/problems, small differences in \% lead to arbitrage profit/losses, please always use 4 digits in your calculations For your answer (since this is a dollars answer), round your answer to the nearest $0.01 (use 2 decimals). DO NOT USE commas to separate thousands. For negative results, enter the minus (-) symbol in front of the first digit/\#. For example, if your answer is $4,000,287.329; then enter 4000287.33 ; if your answer is $400 then enter 400.00 If Heidi makes the covered interest arbitrage (CIA), what is the amount of the CIA profit if there is one
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