Multiple Choice
Intel has the choice of borrowing dollars at 9.5% or yen at 7% for one year.The current exchange rate is ¥152 = $1.At what end-of-year exchange rate would the yen costs of these two loans be equal?
A) ¥156.0 = $1
B) ¥149.2 = $1
C) ¥153.6 = $1
D) ¥148.5 = $1
Correct Answer:
Verified
Correct Answer:
Verified
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