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mework Saved Help Save & Exit Subnm The treasurer of a major U.S. firm has $21 million to invest for three months. The interest rate
mework Saved Help Save & Exit Subnm The treasurer of a major U.S. firm has $21 million to invest for three months. The interest rate in the United States is .21 percent per month. The interest in Great Britain is .26 percent per month. The spot exchange rate is .621, a the three-month forward rate is .623. Ignore transaction costs. What would be the value of the investment in three months if the money is invested in the U.S. or Great Britain? (Enter your answers in dollars, not in millions of dollars. Do not round intermediate calculations and round yo answers to 2 decimal places, e.g., 1,234,567.89.) U.S Great Britain Reference links 20.4 Interest Rate Parity, Unbiased Forward Rates, and the International Fisher Effect
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