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The French franc is currently worth $0.24 and it's selling in the one-year forward market at a 10% premium relative to the Canadian Dollar.Approximately what rate would you expect to pay for a one-year loan in France if the rate would be 10% in Canada?
Commitment To Finance
A lender's promise to provide funds under specified conditions to a borrower for a particular transaction.
After-Tax Cost
The actual cost of an investment or loan after considering the effects of taxes on its profitability or expense.
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The person or entity that has legal title or ownership of property or assets.
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