The Covered Interest Arbitrage potential is 0.2670.267%, which tells Heidi Hi Jensen that she should borrow U.S. dollars and invest in the higher yielding currency the Danish krone , for CIA profit. (Round to three decimal places)

DATA

Arbitrage funds available ($) 4,900,000 Spot exchange rate (kr=$1.00) 6.1725 3-month forward rate (kr=$1.00) 6.1978 U.S. dollar 3-month interest rate (%) 3.100 Danish krone 3-month interest rate (%) 5.000

Part 2

Question: What is Heidi Hi Jensen generates a covered interest arbitrage (CIA) profit of $?