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6. Suppose that the treasurer of Apple has an extra cash reserve of $200,000,000 to invest for six months. The six-month interest rate is 4

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6. Suppose that the treasurer of Apple has an extra cash reserve of $200,000,000 to invest for six months. The six-month interest rate is 4 percent per annum in the United States and 3 percent per annum in France. Currently, the spot exchange rate is 1.00 per dollar and the six-month forward exchange rate is 0.98 per dollar. The treasurer of Apple does not wish to bear any exchange risk. Where should he/she invest to maximize the return

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