Question: value: 25.00 points Problem 31-7 Interest Rates and Arbitrage The treasurer of a major U.S. frm has $21 million to invest for three months. The

value: 25.00 points Problem 31-7 Interest Rates and Arbitrage The treasurer of a major U.S. frm has $21 million to invest for three months. The annual interest rate in the United States is 21 percent per month. The interest rate in Great Britain is 26 percent per month. The spot exchange rate is .621, and the three-month forward rate is 623 What would be the value of the investment if the money is invested in US and Great Britain? (Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16). Enter your answers in dollars, not in millions of dollars. (e.g, 1,234,567) U.S Great Bitain

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