Consider the following information: 1-1-2017: $1.2001/; 1-1-2018: $1.2371/; In 1027: Interest rate in the U.S....
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Accounting
Consider the following information:
1-1-2017: $1.2001/;
1-1-2018: $1.2371/;
In 1027: Interest rate in the U.S. = 4%;Interest rate in the Eurozone = 2%;
What is the effective dollar interest rate from the Eurozone?
Group of answer choices
a)2%
b)3%
c)4%
d)5%
e)6%
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