a. On September 24, 20xx, you purchased a 3-month British-pound denominated CD by converting $1 million to pounds at a rate of .4964 pounds for U.S. dollars. It is now three months later, i.e. December 24, 20xx, and the exchange rate between U.S. dollars and British pound is .4998 pounds per U.S. dollar. (i) Has the U.S. dollar appreciated or depreciated against the British pound? b. Using the information in part (a), what is you gain or loss on the investment in the CD? Assume that you will be paid interest on the CD, and the CD interest rate is 4 percent annually.