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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%

Answer & Explanation Solved by verified expert
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