Multiple Choice
Kushter ltd would like to finance in euros. European interest rates are currently 4%, and the euro is expected to depreciate by 2% over the next year. What is Kushter's effective financing rate next year?
A) 1.92%
B) 2.00%
C) 6.08%
D) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
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