Marcus inc a u s company takes our a 1-year loan in germany, Ask an Expert

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Marcus, Inc. a U. S. company takes our a 1-year loan in Germany. The U. S. 1-year interest rate is 5%, and the German 1-year interest rate is 6%. The spot rate of the euro is $1.33 and the 1-year forward rate is $1.29. Calculate the effective financing rate for Marcus.

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Financial Management, Finance

Category:- Financial Management
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