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ans plz The treasurer of a major Canadian firm has CAD$30 million to invest for three months. The annual interest rate in Canada is 0.21
ans plz
The treasurer of a major Canadian firm has CAD\$30 million to invest for three months. The annual interest rate in Canada is 0.21 percent per month. The interest rate in the United Kingdom is 0.57 percent per month. The spot exchange rate is 0.64, and the threemonth forward rate is 50.65 What would be the value of the investment if the money is invested in CAD and Great Britain? (Do not round intermediate calculations. Round the final onswer to 2 decimal ploces. Enter the onswer in dollors. Omit "\$" sign in your response.) Step by Step Solution
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