P21-7 Interest Rates and Arbitrage [LO2] The treasurer of a major U.S. firm has $36 million to invest for three months. The interest rate in the United States is 45 percent per month. The interest rate in Great Britain is 0.5 percent per month. The spot exchange rate is 0.53, and the three-month forward rate is 0.57. Ignore transaction costs. If the treasurer invested the company's funds in the U.S., what would the value be in three months? 36,488,190 36,040,432 38,312,600 34,663,781 37,947,718 If the treasurer invested the company's funds in Great Britain, what would the value be in three months? 33,978,304 39,300,644 33,515,448 35,337,436 32,619,172