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The uncovered interest arbitrage (UIA) profit amount is ? (Round to the nearest cent.)

Casper Landsten-UlA (B). Casper Landsten is a foreign exchange trader for a bank in New York. Using the values and assumptions below, he decides to seek the fkdl 4.797% return available in US. dollars by not covering his forward dollar receiptsan uncovered interest arbitrage (LIA) transaction, Assess this decision Arbitrage funds avauable Spot exchange rate (SFr/S) 3-month toward rate (SFrtS) Expected spot rate in 90 days (SFrt$) U.S. Dollar annual interest rate Swiss franc annualinterest rate 12806 1.2739 12704 4797 % 3.199 % The uncovered interest arbitrage (IJIA) profit amount is (Round to the nearest cent)