Maston Corporation has forecasted the value of the Russian ruble as follows for the next year:
If the Russian interest rate is 30%,the expected cost of financing a one-year loan in rubles is:
A) 27.14%.
B) 32.86%.
C) 26.10%.
D) none of the above
Correct Answer:
Verified
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Assume a U.S.-based MNC is borrowing
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