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Suppose our corporation can borrow in euro at 5% for 1 year. The current exchange rate is $0.89/, and the euro is expected to move

Suppose our corporation can borrow in euro at 5% for 1 year. The current exchange rate is $0.89/, and the euro is expected to move against the dollar to $1.24/. 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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