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APR Use the information below to answer the following question Exchange Rate Interest Rate S($/) $1.60 = 1.00 is F($/) $1.58 = 1.00 2% ic

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APR Use the information below to answer the following question Exchange Rate Interest Rate S($/) $1.60 = 1.00 is F($/) $1.58 = 1.00 2% ic 4% If you had borrowed $1,000,000, traded them for euro at the spot rate, and invested those euros in Europe, how many euros will you receive in one year? a. 650,000 b. 637,500 c. 750,000 d. 550,000

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