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Kamada: ClA Japan (A). Takestil Kamada, a foreign exchange trader at Credit Suisse (Tohyo), is exploning covered inderest arbitrage postibilities. He wants lo invest $5,100,000

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Kamada: ClA Japan (A). Takestil Kamada, a foreign exchange trader at Credit Suisse (Tohyo), is exploning covered inderest arbitrage postibilities. He wants lo invest $5,100,000 or its yen equivalent, in a covered interost arbitrage between U.S. dollars and Japariese yen. He faced the following exchange rate and interent rate quotes. Is ClA profit possible? If so, how? The ClA prolit potential is %, which tells Takeshi Kamada that he should borrow and invest in the higher yielding currency, to lock in a covered interest arbitrage (ClA) profit. (Round to three decirnat plices and select from the drop-down menus)

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