A U.S. investor has an opportunity to invest $5,000,000 in the United States and earn a rate of return of 3.25% over the course of 1 year. Or the U.S. investor may take advantage of differences in the spot and forward exchange rate and invest in Canada using a spot-against-forward swap. The current spot rate is C$1.3215/$ and the 1-year forward rate is C$1.3323/$. Which option does he take and why? The following table has 5 major currency pair quotations with the U.S. dollar as the base currency. United Kingdom 0.6822 pound/$ Eurozone 0.8992 euro/$ Japan 95.6261 yen/$ Russia 36.8555 Rbls/$ Mexico 19.3110 MXP/$ Find the following cross rates. Euro/U.K. Pound Yen/U.K. Pound Rubles/Euro Yen/Mexican peso