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Assume that your U.S. company has borrowed JPY 75,000,000 from a eurobank. Also assume that interest rate on JPY is 2% per year and the

Assume that your U.S. company has borrowed JPY 75,000,000 from a eurobank. Also assume that interest rate on JPY is 2% per year and the exchange rate was JPY 111.24/$ at the time when of loan. A year later, JPY has appreciated by 3%. What is the company's interest payment (in USD), at the end of the first year?

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