Question: Question 2 Heidi H i Jensen, a foreign exchange trader at J . P . Morgan Chase, can invest $ 5 million, or the foreign

Question

2

Heidi H

i Jensen, a foreign exchange trader at J

.

.

Morgan Chase, can invest $

5

million, or the foreign currency equivalent of the bank's short term funds, in a covered interest arbitrage with Denmark. Using the following quotes can Heidi make covered interest arbitrage

(

CIA

)

profit?

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table

[[

Assumptions

,

Value

], [

Arbitrage funds available,$

5, 000, 000

Question 2 Heidi Hi Jensen, a foreign exchange trader at J.P.

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