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Suppose that the teasurer of IBM has an extra cash reserve of $100,000,000 to invest...

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Accounting

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Suppose that the teasurer of IBM has an extra cash reserve of $100,000,000 to invest for six months. The interest rate is 9 peicent per anmum in the United States and 8 percent per annum in Getmany. Currently, the spot exchange rate is 61.02 per dollar and the sokmorith fosward exchange rate is 11.00 per dollar. The treasurer of IBM does not wish to bear any exchange risk. Where should he or she invest to maximize the return

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