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American Cullumber management is planning to make a $1.7 million loan to a French firm. Currently, LIBOR is at 1.2 percent. American management considers a

American Cullumber management is planning to make a $1.7 million loan to a French firm. Currently, LIBOR is at 1.2 percent. American management considers a default risk premium of 1.00 percent, a foreign exchange rate risk premium of 0.20 percent, and a country risk premium of 0.13 percent to be appropriate for this loan.What is the loan rate charged by American Cullumber?Loan rate charged

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