the Norwegian krone equivalent). He is faced with the following market rates and wonders whether he can make some arbitrage profits in the coming 90 days. The CIA profit potential is 'o, which tells Ari Karlsen he should borrow and invest in the yielding currency, the selling the dollars forward 90 days, and therefore earn covered interest arbitrage (CIA) profits. (Round to four decimal places and select from the drop-down menus.) The CIA profit amount is $2225.4. (Round to the nearest cent.)