Kamada: UIA Japan (B). Takeshi Kamada, Credit Suisse (Tokyo), observes that the W/S spot rate has been holding steady, and that both dollar and yen interest rates have remained relatively fixed over the past week. Takeshi wonders of the should try an uncovered interest arbitrage (UIA) and thereby save the cost of ork forward cover Many of Takeshi's research associates and their computer models are predicting the spot rate to remain close to X118 00's for the coming 180 days Using the data below, analyze the UIA potential Chap Arbitrage funds available $ 4.000.000 03/22 Spot rate (MS) 118 69 180 day forward rate (15) 11778 0% (0 Expected spotroen 180 days (WS) 118 00 Unlity US doll annual interest rate 4 803 % Japanese Yen annual interest rate 3.390% Questions 10/13) The UIA prot potential in which tola Takesh Kamada that he should borrow 560/13) poorliwiy gun on an uncovered bon (UIA) Round to three decimal prices and select from the drop down menus) and invest in the Myiokling currency the lo