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Where should glencore invest to maximize the return

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Reference no: EM133185041

Question - Suppose that the huge Trading Company "Glencore" wants to invest $1 billion in a midterm project (5 years). The annual interest rate in France is 8% and 7% in Canada. Currently, the spot exchange rate is 1.01 € per Canadian dollar and the one-year froward exchange rate is 0.99 € per dollar. The treasurer of Glencore does not wish to bare any exchange risk. Where should Glencore invest to maximize the return?

Reference no: EM133185041

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