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Assume the U.S. financing rate is 10 percent and that the financing rate in Germany is 9 percent. An MNC would be indifferent between financing

Assume the U.S. financing rate is 10 percent and that the financing rate in Germany is 9 percent. An MNC would be indifferent between financing in dollars and financing in euros next year

	appreciate by 0.92%.
	depreciate by 0.92%.
	appreciate by 1.00%.
	depreciate by 1.00%.

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