Homework: Chapter 6 Homework Assignment Spring 2022 Question 6. Problem 6-13 (algorithmic) HW Score: 62.67%, 9.4 of 15 points Points: 0 of 3 Save 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 4.802% return available in U.S. dollars by not covering his forward dollar receipts-an uncovered interest arbitrage (UIA) transaction. Assess this decision Arbitrage funds available $ 1,100,000 Spot exchange rate (SFr/S) 1.2811 3-month forward rate (SF/15) 1.2745 Expected spot rate in 90 days (SF1/) 1.2701 U.S. Dollar annual interest rate 4.802% Swiss franc annualinterest rate 3.203 % The uncovered interest arbitrage (UIA) profit amount is $ (Round to the nearest cent)