(hypothetical) The current exchange rate between the US dollar and the Euro is

(hypothetical) The current exchange rate between the US dollar and the Euro is $2.2500/1Euro. The interest rate on a 52 week US Treasury bill has recently
increased to 4.5%. By contrast the interest rate on a risk-free 52-week Euro denominated money market security is 1.5%. Your management firm is evaluating
whether to invest in dollar-denominated T-bills or risk-free Euro denominated money market securities. Assuming that the forward rate for the exchange of Euros
and Dollars at the end of 1 year is (Euro)0.4327/$1. Determine whether you should invest in risk-free dollar-denominated T-Bills or risk-free Euro denominated
money market securities.