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Peder Mueller-UIA (B). Peder Mueller is a foreign exchange trader for a bank in New York. Using the values and assumptions here, , he decides
Peder Mueller-UIA (B). Peder Mueller is a foreign exchange trader for a bank in New York. Using the values and assumptions here, , he decides to seek the full 4.802% return available in U.S. dollars by not covering his forward dollar receiptsan uncovered interest arbitrage (UIA) transaction. Assess this decision. The uncovered interest arbitrage (UIA) profit amount is $ (Round to the nearest cent.) Data table
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