12 Suppose a foreign investor who holds tax-exempt Eurobonds paying 9% is considering investing in an equivalent-risk domestic bond in a country with a 28% withholding tax on interest paid to foreigners. If 9% after-tax is the investor's required return, what before-tax rate would the domestic bond need to pay to provide the required after-tax return? Answer 9.00% 10.20% 11.28% 12.50% 13.57% .2 points Question 13 Which of the following is NOT a reason why companies move into international operations? Answer To take advantage of lower production costs in regions where labor costs are relatively low. To develop new markets for the firm