You are valuing Renault, a French automotive company, in US dollars. You are attempting to estimate a risk-free rate to use in the analysis. The risk-free rate that you should use is:

Select one:

A. The interest rate on a Euro denominated bond issued by Renault (5.52%)

B. The interest rate on a Euro denominated long-term bond issued by the European Central Bank (3%)

C. The interest rate on a US treasury bond (3.5%)

D. The interest rate on a US $ denominated bond issued by Renault (6.23%)