Assume that the U.S. borrowing rate is 10% while the German is 15% If Euros are borrowed by a U.S. firm for one year, they would have against the dollar by to have the same effective financing rate as borrowing dollars. to O Appreciate, 5%. O Appreciate, .0455%. O Depreciate, 4.55%. O Depreciate, 0435%. O Depreciate, 4.35%