The dropdown options are Danish Krones or U.S. Dollars

Copenhagen Covered (A). Heidi Hi Jensen, a foreign exchange trader at J.P. Morgan Chase, can invest $5.05 million, or the foreign currency equivalent of the bank's short term funds, in a covered interest arbitrage with Denmark. Using the following quotes, can Heidi make a covered interest arbitrage (CIA) profit? $ 5,050,000 6.1717 Arbitrage funds available Spot exchange rate (kr/$) 3-month forward rate (kr/$) U.S. dollar annual interest rate 6.1982 3.000 % Danish krone annual interest rate 5.100 % ... and invest in the higher yielding currency the V , for CIA profit. (Round to three decimal places The CIA profit potential is %, which tells Heidi Hi Jensen that she should borrow and select from the drop-down menus.)