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show work please and thank you! 14.3 McDougan Associates (USA). McDougan Associ- ates, a U.S.-based investment partnership, borrows 80,000,000 at a time when the exchange
show work please and thank you! 14.3 McDougan Associates (USA). McDougan Associ- ates, a U.S.-based investment partnership, borrows 80,000,000 at a time when the exchange rate is $1.3460/. The entire principal is to be repaid in three years, and interest is 6.250% per annum, paid annually in euros. The euro is expected to depreci- ate vis--vis the dollar at 3% per annum. What is the effective cost of this loan for McDougan
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