answer full question

Clayton Moore's Money Fund. Clayton Moore is the manager of an international money market fund managed out of London. Unilike many money funds that guarantee theit imestors a near rek-troe investment with varable interest eamings, Clayton Moore's fund is a very aggressive fund that searches out relatiely high interest eamings around the globe, but at some risk. The fund is pound-denominated. Clayton is currently evaluating a rather interesting opportunify in Malaysia. Since the Acian Crials of 1997 , the Malaysian government enforced a number of currency and ceptal restrictions to protect and preserve the value of the Maltysian ringgt. The ringgit was fixed to the U.S. dollar at RM3. 80=$1.00 tor seven years. In 2005 , the Malaysian govemment allowed the currency to float against several major currencies. The current spot rase today is RMM3.13483 = $1.00. Local currency time deposits of 180 -day maturites are earning b. Ase per annum The London eurecuriency market for pounds is yiedaing 4.1974 per annum on simiar 180 -day maturtios. The curtent spot rate on the Bratiah pound is $1.5818=1.60, and the 180 -day ferwatd rate is $1.5558= e.1.00. The in tial investinent is 21,000,000.00 The investrent proceeds from the innial investment is f1,000,000,00 (Round to two decimal placos.)