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please show your work thx Question 12 1 out of 1 points East Bank issued $250 million worth of CD liabilities in Mexican Peso at
please show your work thx
Question 12 1 out of 1 points East Bank issued $250 million worth of CD liabilities in Mexican Peso at a rate of 4.0%. The current spot rate of MEX for USD is 20.8 MEX/USD. What will be the percentage cost to East Bank on this CD if the dollar appreciates relative to the Mexican Peso at the end of the year is 21.3 MEX/USD? Selected Answer: 1.56% Answers: 4.00% 6.50% 1.56% -1.56% Question 13 1 out of 1 points East Bank issued $250 million worth of CD liabilities in Mexican Peso at a rate of 4.0%. The current spot rate of MEX for USD is 20.8 MEX / USD. What will be the percentage cost to East Bank on this CD if the dollar depreciates relative to the Mexican Peso at the end of the year is 20.3 MEX/USD? Selected Answer: 6.56% Answers: 4.00% -6.56% 1.50% 6.56%Step by Step Solution
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