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(5pts) Bank of America (USA) believes that New Zealand dollar will appreciate over the next 90 days from US$0.48/NZ$ to US$0.50/NZ$. The following annual interest
- (5pts) Bank of America (USA) believes that New Zealand dollar will appreciate over the next 90 days from US$0.48/NZ$ to US$0.50/NZ$. The following annual interest rates can be applied:
Currency Lending rate (Annual) Borrowing rate (Annual)
US dollar 7.00% 7.20%
New Zealand dollar 6.80% 7.00%
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Principles Of Corporate Finance
Authors: Lawrence J. Gitman, Sean M. Hennessey
2nd Canadian Edition
0321452933, 978-0321452931
