Q$7.$ The treasurer of a major U$.$S$.$ firm has $$30$ million to invest for three months. The interest rate in the United States is $0\mathrm{.}28$ percent per month. The interest rate in Great Britain is $0\mathrm{.}31$ percent per month. The spot exchange rate is $0\mathrm{.}791,$ and the three$-$month forward rate is $0\mathrm{.}803.$ Ignoring transaction costs, in which country would the treasurer want to invest the company's funds? Why?