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A negative effective financing rate for a U.S. firm which uses foreign currency financing implies that the firm: Paid back exactly the amount it originally
A negative effective financing rate for a U.S. firm which uses foreign currency financing implies that the firm: Paid back exactly the amount it originally borrowed in dollar terms. Received a loan forgiveness from lender. Paid back less than it originally borrowed in dollar terms. Paid less interest on the funds than would have paid on dollars. Paid more interest on the funds than it would have paid on dollars
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