Solved: The spot exchange rate is 0636 and the three-month forward, Accounting Basics

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The spot exchange rate is 0636 and the three-month forward

Question - The treasurer of a major U.S. firm has $37 million to invest for three months. The interest rate in the United States is 0.25 percent per month. The interest rate in Great Britain is 0.31 percent per month. The spot exchange rate is £0.636, and the three-month forward rate is £0.640.

What would be the value of the investment if the money is invested in U.S and Great Britain?

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Accounting Basics: The spot exchange rate is 0636 and the three-month forward

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Accounting Basics: The spot exchange rate is 0636 and the three-month forward

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