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Regarding foreign exchange and firm's cost of capital, a sound advice to your client is to lend money in a currency that is expected to:

Regarding foreign exchange and firm's cost of capital, a sound advice to your client is to lend money in a currency that is expected to:

  1. stay the same
  2. depreciate
  3. has been around for a long time
  4. appreciate

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Foundations of Financial Management

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