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COULD YOU ALSO PROVIDE A SPREADSHEET EXAMPLE? IT HELPS ME IN MY STUDY AND UNDERSTANDING OF THE SOULTION. THANKS 11. Carry Trade, Inc., borrows yen

COULD YOU ALSO PROVIDE A SPREADSHEET EXAMPLE? IT HELPS ME IN MY STUDY AND UNDERSTANDING OF THE SOULTION. THANKS

11. Carry Trade, Inc., borrows yen when the yen is trading at $110/US$. If the nominal annual interest rate of the loan is 3% and at the end of the year the yen trades at $120/US$, what is the effective annual interest rate of the loan? %. (Round to two decimal places. Enter a The effective annual interest rate is negative number for a depreciation of the yen.)

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