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An MNC issues 5-year notes denominated in 5,000,000 Argentine pesos at par. The bonds have a coupon rate of 24%.If the peso remains stable at
An MNC issues 5-year notes denominated in 5,000,000 Argentine pesos at par. The bonds have a coupon rate of 24%.If the peso remains stable at its current level of $.049 over the lifetime of the bonds and if the MNC holds the bonds until maturity, the financing cost to the MNC will be:
24%
23%
none of the options listed
25%
15%
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