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Casey Corp. frequently invests funds in Mexican money market. One year ago Casey invested in a one year security that provided a yield of 25
Casey Corp. frequently invests funds in Mexican money market. One year ago Casey invested in a one year security that provided a yield of 25 percent. At the end of the year when he converted Pesos to USD, the Pesos had depreciated from $0.12 to $0.11. What is the effective yield?
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