Business, 16.10.2019 06:00, mashedpotatoes28

Copenhagen covered (a). heidi høi jensen, a foreign exchange trader at j. p. morgan chase, can invest $4.95 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? arbitrage funds available $ 4,950,000 spot exchange rate (kr/$) 6.1715 3-month forward rate (kr/$) 6.1977 u. s. dollar annual interest rate 3.000 % danish krone annual interest rate 5.050 % the cia profit potential is nothing%, which tells heidi høi jensen that she should borrow ▼ danish krones u. s. dollars and invest in the higher yielding currency the ▼ danish krone u. s. dollar , for cia profit. (round to three decimal places and select from the drop-down menus.)

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Copenhagen covered (a). heidi høi jensen, a foreign exchange trader at j. p. morgan chase, can inves...