You have $4,000. the current interest rates on dollar- and pound-denominated deposits for 180-day maturity are i $ =0.02 and i £ =0.03, respectively. the current spot exchange rate is e=$2/£. assume that you don’t mind bearing foreign exchange risk. you expect the spot rate in 180 days to be $1.90/£. what strategy would you follow, and why? after 180 days, the actual spot rate turns out to be $1.80/£. are you with your decision?

Suppose the following items were taken from the 2017 financial statements of whispering winds corp.. (all dollars are in millions.) common stock $3,230 accumulated depreciation—equipment $3,940 prepaid rent 175 accounts payable 1,560 equipment 6,940 patents 2,270 stock investments (long-term) 670 notes payable (long-term) 780 debt investments (short-term) 1,740 retained earnings 6,175 income taxes payable 150 accounts receivable 1,740 cash 1,290 inventory 1,010 prepare a classified balance sheet in good form as of december 31, 2017. (list current assets in order of liquidity.)