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A European firm borrows MXN from a Mexico bank at a ( 7 % ) interest rate. Over that same time, the Euro depreciates (
A European firm borrows MXN from a Mexico bank at a \\( 7 \\% \\) interest rate. Over that same time, the Euro depreciates \\( 2.4 \\% \\) against the MXN. What is the European firm's \\( = \\) denominated equil of borrowing? Selected Answer: \\( \\quad 9.57 \\) Correct Answer: \\( \\quad 9.63 \\)
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An Introduction to Investment Banks, Hedge Funds, and Private Equity
Authors: David P. Stowell
1st edition
978-0123745033, 0123745039, 978-9380931074
