Clayton$$ Moore's Money Fund.$$Clayton Moore is the manager of an international money market fund managed out of London. Unlike many money funds that guarantee their investors a near$$ risk$-$free investment with variable interest$$ earnings, Clayton$$ Moore's fund is a very aggressive fund that searches out relatively high interest earnings around the$$ globe, but at some risk. The fund is$$ pound$-$denominated. Clayton is currently evaluating a rather interesting opportunity in Malaysia. Since the Asian Crisis of$1997,$ the Malaysian government enforced a number of currency and capital restrictions to protect and preserve the value of the Malaysian ringgit. The ringgit was fixed to the U$.$S$.$ dollar at RM$3\mathrm{.}80=$ $$1\mathrm{.}00$ for seven years. In$2005,$ the Malaysian government allowed the currency to float against several major currencies. The current spot rate today is RM$3\mathrm{.}13489=$ $$1\mathrm{.}00.$ Local currency time deposits of$180-$day maturities are earning $8\mathrm{.}898\%$ per annum. The London eurocurrency market for pounds is yielding $4\mathrm{.}204\%$ per annum on similar$180-$day maturities. The current spot rate on the British pound is $$$$1\mathrm{.}5821=1\mathrm{.}00,$ and the$180-$day forward rate is $$$$1\mathrm{.}5556=1\mathrm{.}00.$ The initial investment is poun$1,175,000\mathrm{.}00.$

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Part $1$

The investment proceeds from the initial investment is pound $1$ comma $175$ comma $000\mathrm{.}00$

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enter your response here. $($Round to two decimal$$ places$)$