What was you rate of return

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Reference no: EM132019253

Last year the U. S. dollar appreciated by 8% against the peso. You borrowed $ 1,000,000 from the National Muncie Bank at 4%. These funds were invested in a Latin country in a fund that returned 12%. What was you rate of return? The forward rate is not given in the question.

Reference no: EM132019253

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