she invest $900,000 in covered interest arbitrage between u.s dollars and Japanese yen. Assumption. value arbitrage funds available $900,000 sport rate (yen/$). 105.46 180 days forward rate (yen/$) 104.74 180 days u.s dollar interest rate 4.80% 180 days Japanese yen interest rate 3.40%. 1).what is her profit (arbitrage gain). 2). what is CIA profit potential( %) percentage.