Schlumberger, the international oil and other fuel-based company of Oslo, is a huge and dynamic player in petroleum market and also in the currency market. Although the company is based in Oslo and due to global access and trading in the world market, it considers US$ (rather than Krone) as its practical currency. Tim Cook is a renowned currency trader that manages the currency exposure of Schlumberger and has instant opportunity to trade and use $3.5 million (or krone equivalent). He is furnished with the following quotes and figuring out the strategy for earning profit in 3 months. Funds available $3,500,000 Spot rate (N-Krone/$) 6.0412 90-Days forward rate (N-Krone/$) 6.0286 US$ 90-Days interest rate 5.10% Krone 3-month interest rate 4.47%