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Suppose your firm has 5 , 0 0 0 , 0 0 0 of excess cash in the U . K . , but you
Suppose your firm has of excess cash in the UK but you will need the cash in the US at the end of the year. Suppose that you can keep the cash in the UK and invest in a British pound denominated money market fund with a yield of Suppose the value of the British pound declines by during the year. What is the return on the investment?
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