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Suppose you are borrowing NZD $4250,000 a. New Zeeland at 8.15% N.A. for 125 days b. U.S.A. at 9.25% N.A. for 125 days c. Germany

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Suppose you are borrowing NZD $4250,000 a. New Zeeland at 8.15% N.A. for 125 days b. U.S.A. at 9.25% N.A. for 125 days c. Germany at 7.95 N.A. for 125 days USD/NZD =$1.79 USD/EUR =$1.03 USD/EUR =$1.03 NZD will appreciate (stronger) by 1.75% in 125 days EUR will depreciate (weaker) by 1.15% in 125 days *** Which country is a better option to borrow money

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