Problem 6-14 (algorithmic) Question Help Casper Landsten-Thirty Days Later. Casper Landsten once again has $1.05 million (or its Swiss franc equivalent) to invest for three months. He now faces the following rates. Should he enter into a covered interest arbitrage (CIA) investment? $ 1,050.000 1.3398 Arbitrage funds available Spot exchange rate (SFr/S) 3-month forward rate (SFr/S) U.S. Dollar annual interest rate Swiss franc annual interest rate 1.3287 4.755 % 3.625 % The CIA profit potential is 2.212 %, which tells Casper Landsten he should borrow U.S. dollars menus.) and invest in the lower yielding currency, the Swiss franc , and then sell the Swiss franc principal and interest forward three months locking in a CIA profit. (Round to three decimal places and select from the drop-down The CIA profit amount is $. (Round to the nearest cent.)