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please answer all parts Just find profit percent don't worry about drop down button Copenhagen Covered (B). Heidi Hoi Jensen, a foreign exchange trader at
please answer all parts
Just find profit percent don't worry about drop down button
Copenhagen Covered (B). Heidi Hoi Jensen, a foreign exchange trader at JP Morgan Chase, can invest 54.9 million or the foreign currency equivalent of the banks short term funds, in a covered interest arbitrage with Denmark. She is now evaluating the arbitrage prolt potential in the same market for interest rates dange. (Note that anytime the difference in interest rates does not exactly equal the forward premium, it must be possible to make CIA profit one way or another) Arbitrage funds available $ 4,000,000 Spot exchange rate (15) 6.1722 3-month forward rato (15) 6.1984 U.S. dollar annual interest rate 4050 % Danish krone annual interest rate 4950 ar gaining on the The CIA prof potentiis which tolls Heidi that she should borrow and invest in the terest rate currency re-exchange of dollars for krone at the end of the period. (Round to tvoe decimal places and select from the drop-down menus) an To
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