Heidi Hi Jensen, a foreign exchange trader at J.P. Morgan Chase, can invest $5.1 million, 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 $ 5,100,000 Spot exchange rate (kr/$) 6.1722 3-month forward rate (kr/$) 6.1979 US dollar annual interest rate 2.950 % Danish kroner annual interest rate 5.950 %

The CIA profit potential is _________%, which tells Heidi Hi Jensen that she should borrow Danish krone U.S. dollars and invest in the higher lower interest rate currency, the dollar the krone , gaining on the re-exchange of kroner for dollars at the end of the period.(Round to three decimal places and select from the drop-down menus.) The CIA profit amount is $ nothing. (Round to the nearest cent