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Bank USA recently purchased $10 million worth ofeuro-denominated one-year CDs that pay 10 percent interestannually. The current spot rate of U.S. dollars for euros is$1.104/?1.

Bank USA recently purchased $10 million worth ofeuro-denominated one-year CDs that pay 10 percent interestannually. The current spot rate of U.S. dollars for euros is$1.104/â?¬1. (LG 9-5) What will 2 answers

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