James Clark is a currency trader with Wachovia. He notices the following quotes:

Spot exchange rate SFr$1\mathrm{.}2057$ per $

Six$-$month forward exchange rate SFr$1\mathrm{.}1928$ per $

Six$-$month Dollar interest rate $2\mathrm{.}5\%$ per year

Six$-$month Swiss franc interest rate $2\mathrm{.}0\%$ per year