Casper$$ Landsten$-$UIA $($B$).$ Casper Landsten is a foreign exchange trader for a bank in New York. Using the values and assumptions$$below$,$ he decides to seek the full $4\mathrm{.}800\%$ return available in U$.$S$.$ dollars by not covering his forward dollar receiptsan uncovered interest arbitrage$($UIA$)$ transaction. Assess this decision. Arbitrage funds available $ $1,000,000$ Spot exchange rate $($SFr$/$$$)1\mathrm{.}28103-$month forward rate $($SFr$/$$$)1\mathrm{.}2740$ Expected spot rate in $90$ days $($SFr$/$$$)1\mathrm{.}2700$ U$.$S$.$ Dollar annual interest rate $4\mathrm{.}800\%$ Swiss franc annualinterest rate $3\mathrm{.}200\%$