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Question 20 3 pts Assume that the Canadian dollar has an annual interest rate of 5 percent and is expected to depreciate by 2 percent

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Question 20 3 pts Assume that the Canadian dollar has an annual interest rate of 5 percent and is expected to depreciate by 2 percent against the dollar. From a U.S. perspective, the effective financing rate from borrowing in Canadian dollars is: 5.1 percent O 7.0 percent 1.5 percent 2.9 percent

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