5 Investing strategy. Trumpington Ltd has 2 million in excess cash that it has invested in Mexico...

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5 Investing strategy. Trumpington Ltd has £2 million in excess cash that it has invested in Mexico at an annual interest rate of 60%. The UK interest rate is 9%. By how much would the Mexican peso have to depreciate to cause such a strategy to backfire?

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Exploring Economics

ISBN: 9780324395464

4th Edition

Authors: Robert L. Sexton

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