Suppose that you are the CFO of a British company. Your home currency is the British pound, GBP. You have just borrowed USD 100M from an American bank for one year. The interest rate (in USD) is 11%. The exchange rate right now is USD 2.2/GBP. What will be the effective cost of the loan (in GBP) if the exchange rate is USD 1.7/GBP one year later? If your answer is 2.34% please enter 2.34. If the % rate of return is positive: enter 2.34%, if it is negative: enter -2.34%