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The treasurer of a major U.S. firm has $20 million to invest for three months. The interes rate in the United States is 37 percent

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The treasurer of a major U.S. firm has $20 million to invest for three months. The interes rate in the United States is 37 percent per month. The interest rate in Great Britain is 41 percent per month. The spot exchange rate is .78, and the three-month forward rate is .77. Ignore transaction costs. a. If the treasurer invested the company's funds in the U.S., how much would the investment be worth after three months? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 1,234,567.89.) b. If the treasurer invested the company's funds in Great Britain, how much would the investment be worth after three months in U.S. dollars? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 1,234,567.89.) a. U.S. investment b. Great Britain investment

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