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Sullivan, Inc. would like to finance in euros. European interest rates are currently 7 percent, and the euro is expected to depreciate by 3 percent
Sullivan, Inc. would like to finance in euros. European interest rates are currently 7 percent, and the euro is expected to depreciate by 3 percent over the next year. What is Sullivan's effective financing rate next year?
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Financial Institutions Management
Authors: Anthony Saunders, Marcia Cornett
8th Edition
0078034809, 978-0078034800
