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Suppose our corporation can borrow in BGL at 4% for 1 year. The current exchange rate is BGL 1.86/USD, and the BGL is expected to

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Suppose our corporation can borrow in BGL at 4% for 1 year. The current exchange rate is BGL 1.86/USD, and the BGL is expected to move against the dollar to BGL 2.45/USD. What is the interest rate cost of the bond in USD? Please enter your answer as % -- e.g. if your answer is 2.34% type in 2.34

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