Question
The quoted interest rate on this loan is 5.75%. If the spot exchange rate of U.S.$ at the time of taking loan was 0.82 and
The quoted interest rate on this loan is 5.75%. If the spot exchange rate of U.S.$ at the time of taking loan was 0.82 and at the time of expiration was 0.79, compute the effective financing cost.
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CFIN
Authors: Scott Besley, Eugene Brigham
5th edition
1305661656, 9781305888036 , 978-1305666870
