Question: First part is correct just need second part Equinor's Corporate Arbitrage. Equinor, the national oil company of Norway, is a large, sophisticated, and active participant

 First part is correct just need second part Equinor's Corporate Arbitrage.Equinor, the national oil company of Norway, is a large, sophisticated, and

First part is correct just need second part

Equinor's Corporate Arbitrage. Equinor, the national oil company of Norway, is a large, sophisticated, and active participant in both the currency and petrochemical markets. Although it is a Norwegian company, because it operates within the global oil market, it considers the U.S. dollar, rather than the Norwegian krone (Nok), as its functional currency. Ari Karlsen is a currency trader for Equinor and has immediate use of either $2.9 million (or the Norwegian krone equivalent). He is faced with the following market rates, , and wonders whether he can make some arbitrage profits in the coming 90 days. The CIA profit potential is %, which tells Ari Karlsen he should borrow invest in the yielding currency, the Norwegian krone, selling the dollars forward 90 days, and therefore earn covered interest arbitrage (CIA) profits. (Round to four decimal places and select from the drop-down menus.) The CIA profit amount is $. (Round to the nearest cent.) Data table (Click on the following icon in order to copy its contents into a spreadsheet.)

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