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The treasurer of a major U.S. firm has $30 million to invest for three months. The interest rate in the United States is 15 percent

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The treasurer of a major U.S. firm has $30 million to invest for three months. The interest rate in the United States is 15 percent per month. The interest rate in Great Britain is . 26 percent per month. The spot exchange rate is .813, and the threemonth forward rate is .827. Ignore transactions costs. a. If the treasurer invested the company's funds in the U.S., how much would the investment be worth after three months? Note: Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal places, 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? Note: Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal places, 1,234,567.89

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