Your company has extra cash reserves of $100,000,000 and needs to invest it for 6 months. The treasurer has heard that investing in foreign currencies for the short term might have a higher yield when compared to a short term United States investment. Prepare a proposal to your treasurer that outlines your research and recommendation. Provide calculations where necessary to support your recommendation based on the following:

• The US 6 month interest rate
• The 6 month interest rate of China
• The spot exchange rate of China relative to the US Dollar
• The six-month forward exchange rate per the US Dollar

Where do I find US and China 6-month interest rates, and how do I calculate the spot exchange rate and the forward exchange rate?