Suppose Cho (a U.S. investor) purchases a 40-day Euro-commercial paper with a par value of 1,000,000 Mexican pesos for a price of 996,000 Mexican pesos. If the peso is worth $0.046, the spot rate is anticipated to be $0.049220 per peso at the end of maturity, and Cho holds the Euro- commercial paper until then, assuming a 360 day year, the effective yield is: O 10.10% 10.64% 10.86% 11.62%