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  3. the treasurer of a major u.s. firm has $21 million

The treasurer of a major U.S. firm has $21 million to invest for three months....

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Accounting

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The treasurer of a major U.S. firm has $21 million to invest for three months. The interest rate in the United States is 38 percent per month. The interest rate in Great Britain is 42 percent per month. The spot exchange rate is 77, and the three-month forward rate is f.76. 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? Note: Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal places, e.9. 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 US. dollars? Note: Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal places, e.g. 1,234,567.89

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