The treasurer of a major U.S. firm has $30 million to invest for three months. The...
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The treasurer of a major U.S. firm has $30 million to invest for three months. The interest rate in the United States is .28 percent per month. The interest rate in Great Britain is .31 percent per month. The spot exchange rate is £.791, and the three-month forward rate is £.803. What would be the value of the investment if the money is invested in the U.S and Great Britain? (Enter your answers in dollars, not in millions of dollars, and round your answers to 2 decimal places, e.g., 1,234,567.89.) U.S. Great Britain The treasurer of a major U.S. firm has $30 million to invest for three months. The interest rate in the United States is .28 percent per month. The interest rate in Great Britain is .31 percent per month. The spot exchange rate is £.791, and the three-month forward rate is £.803. What would be the value of the investment if the money is invested in the U.S and Great Britain? (Enter your answers in dollars, not in millions of dollars, and round your answers to 2 decimal places, e.g., 1,234,567.89.) U.S. Great Britain
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i st investment in usu principle 30 milion rate of interest 0287 00028 tim 3 month Amount princi... View the full answer
Related Book For
Fundamentals of corporate finance
ISBN: 978-0073382395
9th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
Posted Date:
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