Jane Metal Works borrows Thai baht (THB) when the baht is trading at THB 35 (THB/GBP). If
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Jane Metal Works borrows Thai baht (THB) when the baht is trading at THB 35 (THB/GBP). If the nominal annual interest rate of the loan is 7% and at the end of the year the baht trades at THB 42 (THB/GBP), what is the effective annual interest rate of the loan?
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Related Book For 
Principles Of Managerial Finance
ISBN: 9781292400648
16th Global Edition
Authors: Chad Zutter, Scott Smart
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