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Foreign currency yields. The Bloomberg website provides interest rate data for many different…

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Foreign currency yields. The Bloomberg website provides interest rate data for many different foreign currencies over various maturities. Its address is http://www.bloomberg.com.

a Go to the section that shows yields for different foreign currencies. Review the one-year yields of currencies. Assume that you could borrow at a rate 1 percentage point above the quoted yield for each currency. Which currency would offer you the highest quoted yield?

b As a cash manager of an MNC based in the United Kingdom that has extra pounds that can be invested for one year, where would you invest funds for the next year? Explain.

c If you were working for a foreign subsidiary based in Japan and could invest Japanese yen for one year until the yen are needed to support local operations, where would you invest the yen? Explain.

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