You have the following financial market information. You also have 1.81 million Australian dollar (A$) or 3.48 million Thai baht (THB) to make a profit due to covered interest arbitrage (CIA). Calculate the profit in percentage if the CIA opportunity exists in the market. (enter the two decimal number without sign and symbol) Bid price Ask price THB spot rate A$0.0443 A$0.0609 THB one-year forward rate A$0.0458 A$0.0673 AS spot rate THB22.3512 THB24.4452 Answer: AS one-year forward rate THB27.4521 THB29.0805 Deposit rate Loan rate Interest rate on A$ 2.05% 4.54% Interest rate on THB 6.08% 8.59% You have the following financial market information. You also have 1.81 million Australian dollar (A$) or 3.48 million Thai baht (THB) to make a profit due to covered interest arbitrage (CIA). Calculate the profit in percentage if the CIA opportunity exists in the market. (enter the two decimal number without sign and symbol) Bid price Ask price THB spot rate A$0.0443 A$0.0609 THB one-year forward rate A$0.0458 A$0.0673 AS spot rate THB22.3512 THB24.4452 Answer: AS one-year forward rate THB27.4521 THB29.0805 Deposit rate Loan rate Interest rate on A$ 2.05% 4.54% Interest rate on THB 6.08% 8.59%