Your company has extra cash reserves of $100,000,000 andneedsto invest it for 6 months.The treasurerhas heard that investing in foreigncurrenciesfor the short term mighthave a higher yield when compared to ashort term United States investment.Research the following:

• The US 6month interest rate
• The 6month interest rate of a country of yourchoosing
• Thespotexchangerate of your selected currency relative totheUS Dollar
• The six-month forward exchangerateper the US Dollar.

Provide calculations where necessary to support your recommendation.