Question: Question Help Problem 6-13 (algorithmic) . Casper Landsten-UIA (B). Casper Landsten is a foreign exchange trader for a bank in New York. Using the values

Question Help Problem 6-13 (algorithmic) . Casper Landsten-UIA (B). Casper Landsten is a foreign exchange trader for a bank in New York. Using the values and assumption below the decides to seek the full 4 804% return avalable in U.S. dollars by not covering his forward dollar receipts an uncovered interest arbitrage (UIA) transaction Assess this decision Arbitrage funds available Spot exchange rate (SFr) 3- month forward rate (SF/5) Expected spot rate in 90 days (SF1/) US Dolar annual interest rate Swiss franc annualinterest rate $1,000,000 1.2811 1.2742 1.2699 4.804 % 3 203% The uncovered interest arbitrage (UIA) profit amount is $ (Round to the nearest cent)

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