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6. A US company borrows Japanese yen for 1 year at 5 percent. During the year, the yen appreciated from $0.010 to $0.012 against the

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6. A US company borrows Japanese yen for 1 year at 5 percent. During the year, the yen appreciated from $0.010 to $0.012 against the US dollar. a. Determine the percentage appreciation of the yen. b. Compute the effective interest rate of the loan in dollar terms

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