= A money market mutual fund manager is looking for some profitable investment opportunities and observes the
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= A money market mutual fund manager is looking for some profitable investment opportunities and observes the following one-year interest rates on government securities and exchange rates: rUS 12%, rUK 9%, S $1.50/£, F $1.60/£, where S is the spot exchange rate and F is the forward exchange rate. Which of the two types of government securities would constitute a better investment?
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Related Book For 
Financial Institutions Management A Risk Management Approach
ISBN: 9780077211332
6th Edition
Authors: Anthony Saunders, Marcia Cornett
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