Peder Mueller$-$UIA $($B$).$ Peder Mueller is a foreign exchange trader for a bank in New York. Using the values and

assumptions here, $,$ he decides to seek the full $4\mathrm{.}796\%$ return available in U$.$S$.$ dollars by not covering his forward dollar

receipts$-$an uncovered interest arbitrage $($UIA$)$ transaction. Assess this decision.

The uncovered interest arbitrage $($UIA$)$ profit amount is $$.($Round to the nearest cent.$)$

Data table

$($Click on the following icon in order to copy its contents into a spreadsheet.$)$