The treasurer of a major U.S. corporation has $8.2 million to invest for three months. He is considering investing these funds in the United States or in the United Kingdom (U.K.) because he strongly believes that BREXIT is over.

The interest rate in the U.S. is .6.36% per annum. The interest rate in the UK is 0.54% per month for the 3 month period. The spot exchange rate is .64, and the three-month forward rate is .63

. Ignore all costs associated with this decision specifically transaction costs, taxes and tariffs.

What would you suggest that the Treasurer do.?? SUPPORT YOUR ANSWER FOR FULL CREDIT.