$27)$ Casper L$.$andsten is a foreign exchange trader for a bank in New York. He can borrow $\backslash (\backslash$$ $5,000,000\backslash )$ or its Swiss franc equivalent for a short$-$term money market investment. He faces the following quotes and rates in the market: a$)$ Using the information above, please show whether a covered interest arbitrage $($ ClA $)$ opportunity exists in the market. $(10$ points$)$ b$)$ If covered interest arbitrage opportunity exists in the market, what would be the CIA strategy to end up with a profit? $(5$ points$)$ c$)$ What would be the amount of arbitrage profit if Mr$.$ Landsten conducts CIA? $(\backslash (\backslash$mathbf$\{10\}\backslash )$ points$)$