Jason Smith is a currency trader. He has $10 million (or its Swiss franc equivalent) for a short-term money market investment. He faces the following quotes Arbitrage funds available Spot exchange rate (SFrS) 3-month forward rate (SFr/S) $10,000,000 1.1050 1.0575 5.800% 4-100% U.S. dollar 3-month interest rate Swiss franc 3-month interest rate Make a recommendation if he should invest in U.S. dollars for three months, or make a covered interest arbitrage investment in the Swiss franc. Show the steps and arbitrage profits payoffs