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Suppose the French franc is expected to depreciate against the dollar by 2% annually and the 10-year franc interest rate is 11%. What is the

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Suppose the French franc is expected to depreciate against the dollar by 2% annually and the 10-year franc interest rate is 11%. What is the after-tax expected dollar cost of issuing a 10-year franc bond if the French corporate tax rate is 40%

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