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Bank USA recently purchased $11.4 million worth of euro??denominated one??year CDs that pay 10 percent interest annually. The current spot rate of US. dollars for

Bank USA recently purchased $11.4 million worth of euroâ??denominated oneâ??year CDs that pay 10 percent interest annually. The current spot rate of US. dollars for euros is $1104?â?¬1 a. Is Bank US...

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