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A An American-based MNC, obtains a one-year loan of 30
A An American-based MNC, obtains a one-year loan of 30.000,000 Japanese yen at a nominal interest rate of 10 percent. At the time the loan is extended, the spot rate of the yen is $.0091. If the spot rate of the yen in one year is $.0088,
-What is the dollar amount initially obtained from the loan
- What is the dollar amount the MNC needs to repay the loan.
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