The interest rate in great britian is 22 percent per month, Financial Management

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The interest rate in great britian is 22 percent per month

the treasurer of a major US firm has $30 million to invest for three months. the interest rate in the US is .19 percent per month.

The interest rate in Great Britian is .22 percent per month. The spot exchange rate is 63 pounds and the three month forward rate is 64 pounds.

Ignoring transaction costs, in which country would the treasurer want to invest the companys funds? why?

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Financial Management: The interest rate in great britian is 22 percent per month

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Financial Management: The interest rate in great britian is 22 percent per month

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