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Norwegian company, because it operates within the global oil market, it considers the U . S . dollar, rather than the Norwegian krone ( Nok

Norwegian company, because it operates within the global oil market, it considers the U.S. dollar, rather than the Norwegian krone (Nok), as its functional currency. Ari Karlsen is a currency trader for Equinor and has immediate use of either \(\$ 2.95\) million (or the Norwegian krone equivalent). He is faced with the following market rates, , and wonders whether he can make some arbitrage profits in the coming 90 days.
The CIA profit potential is \%, which tells Ari Karlsen he should borrow and invest in the yielding currency, the , selling the dollars forward 90 days, and therefore earn covered interest arbitrage (CIA) profits. (Round to four decimal places and select from the drop-down menus.)
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