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Casper Landsten-CIA (A). Casper Landsten is a foreign exchange trader for a bank in New York. He has $0.95 million (or its Swiss franc equivalent) for a short form money market investment and wonders it he should invest in US dollars for three months, or make a CIA investment in the Swiss franc He faces the following quotes Arbitrage funds available 950.000 Spot exchange rate (SFt/s) 1.2812 3-month forward rate (SF68) 1.2737 US Dollar annual interest rate Swiss franc annual interest rato 3.204 The CIA proto potential in which tes Casper Landsten he should borrow Swan francs and invest in the lower yielding currency, the US dollar earn covered interest arbitrage (CIA) profits (Round to the decimal places and select from the drop-down menus 4.796 in order to