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Problem 31-7 Interest Rates and Arbitrage The treasurer of a major U.S. firm has $39 million to invest for three months. The interest rate in

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Problem 31-7 Interest Rates and Arbitrage The treasurer of a major U.S. firm has $39 million to invest for three months. The interest rate in the United States is .27 percent per month. The interest rate in Great Britain is .32 percent per month. The spot exchange rate is .638, and the three-month forward rate is .642. What would be the value of the investment if the money is invested in U.S and Great Britain? (Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16). Enter your answers in dollars, not in millions of dollars. (e.g., 1,234,567)) U.S Great Britain

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