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Business, 19.12.2019 01:31 kprincess16r

The u. s.-based minnesota mining company (mmc) has a one-year account receivable due from a german manufacturing company worth euro 1,000,000. the current spot rate is $0.8800 /euro, and the 1-year forward euro is selling at $0.8950/euro. mmc can borrow and lend euro in frankfurt at 4% per annum. mmc has a weighted average cost of capital of 12% per annum.

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The u. s.-based minnesota mining company (mmc) has a one-year account receivable due from a german m...
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