Clayton Moore's Money Fund.Clayton Moore is the manager of an international money market fund managed out of London. Unlike many money funds that guarantee their investors a near risk-free investment with variable interest earnings, Clayton Moore's fund is a very aggressive fund that searches out relatively high-interest earnings around the globe, but at some risk. The fund is pound-denominated. Clayton is currently evaluating a rather interesting opportunity in Malaysia. Since the Asian Crisis of 1997, the Malaysian government enforced a number of currency and capital restrictions to protect and preserve the value of the Malaysian ringgit. The ringgit was fixed to the U.S. dollar at

RM3.80/$

for seven years. In 2005, the Malaysian government allowed the currency to float against several major currencies. The current spot rate today is

RM3.13484/$.

Local currency time deposits of 180-day maturities are earning

8.901%

per annum. The London eurocurrency market for pounds is yielding

4.201%

per annum on similar 180-day maturities. The current spot rate on the British pound is

$1.5815/,

and the 180-day forward rate is

$1.5558/.

The initial investment is

1,100,000.00.

Question content area bottom

Part 1

The investment proceeds from the initial investment is

1167934.901167934.90.

(Round to two decimal places.)

Part 2

The return on the 180-day investment is

enter your response here%.

(Round to three decimal places.)