29 The treasurer of a major U.S. firm has $32 million to invest for three months. The interest rate in the United States is .44 percent per month. The interest rate in Great Britain is 0.6 percent per month. The spot exchange rate is 0.57, and the three month forward rate is $0.53. Ignore transaction costs. Skipped If the treasurer invested the company's funds in the U.S., what would the value be in three months? References If the treasurer invested the company's funds in Great Britain, what would the value be in three months? 46 Use the information below to answer the following questions. Skipped U.K. Pound 6-months forward () Japan Yen 6-months forward () Switzerland Franc 6-months forward Currency per U.S. $ 0.5135 0.5204 108.21 106.96 1.0492 1.0478 References (SF) Suppose interest rate parity holds, and the current six month risk-free rate in the United States is 3.8 percent. What must the six-month risk-free rate be in Great Britain