Multiple Choice
Suppose that a firm located in Belgium in 1994 can borrow dollars at 8% or Belgium francs at 14%.If the Belgian franc is expected to depreciate from BF58 = $1 at the beginning of the year to BF61 = $1 at the end of the year,then the expected dollar cost of the Belgian franc loan is
A) 8.39%
B) 20.14%
C) 12.37%
D) 9.15%
Correct Answer:
Verified
Correct Answer:
Verified
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