Question 14 1 points Save Answer "Kimberly-Clark, an American multinational, has an opportunity to borrow for one year in the Eurocommercial paper market in the USD at 7% or in the JPY at 4%. In addition, UIRP holds, the one-year risk-free rate is 3% in the USD, and the one-year risk-free rate is 1% in the JPY, According to our class discussion, what is the (approx.) effective interest rate in USD terms if Kimberly-Clark issues JPY-denominated commercial paper, all else equal?" 6 percent 7 percent 5 percent 4 percent 3 percent