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?

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The Answer of 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?

Intel Has the Choice of Borrowing Dollars at 9