The French Euro is currently worth $0.24 and it's selling in the one-year forward market at a 10% premium relative to the Canadian Dollar.Approximately what rate would you expect to pay for a one-year loan in France if the rate would be 10% in Canada?
A) 10.00%
B) 11.62%
C) 14.55%
D) 20.00%
Correct Answer:
Verified
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