yen equivalent, in a covered inthrest arbitrage between U.S. dolan and Japanese yen. He faced the following exchange rate and interest rate quoles: is cul proft possible? if sa, haw? The cu proflit potertial is and invest in the higher yielding currancy, to lock in a coveced intereast Taveuty Kamada generates a Cla profit of Gy imestiro in tive interest rate eurreng, the , and similtanecousy selling the procoeds forward into ata fonmand Data table yielding currenc (Click on the following icon in order to copy its contents into a spreadsheet.) bly selling the n menus.)