Answer the question that give You are the CEO of a Mexican company that took out a dollar-denominate loan from an American bank one year ago when the peso-dollar exchange rate was 10 pesos per dollar....


Answer the question that give<br>You are the CEO of a Mexican company that took out a dollar-denominate loan from an American<br>bank one year ago when the peso-dollar exchange rate was 10 pesos per dollar. You borrowed<br>$100,000 at 8% interest and promised to repay the entire balance and interest in one payment<br>at the end of the year.the current exchange rate is 9.5 pesos per dollar .what effective pesos-<br>denominated rate of interest did you pay for the loan.<br>

Extracted text: Answer the question that give You are the CEO of a Mexican company that took out a dollar-denominate loan from an American bank one year ago when the peso-dollar exchange rate was 10 pesos per dollar. You borrowed $100,000 at 8% interest and promised to repay the entire balance and interest in one payment at the end of the year.the current exchange rate is 9.5 pesos per dollar .what effective pesos- denominated rate of interest did you pay for the loan.

Jun 06, 2022
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