If like a lot corp borrows yen at a nominal annual interest, Financial Management

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If like a lot corp borrows yen at a nominal annual interest

If Like A Lot Corp. borrows yen at a nominal annual interest rate of 3.55?% and during the year the yen appreciates by 11.17%, what will the effective annual interest rate be for the loan?

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Financial Management: If like a lot corp borrows yen at a nominal annual interest

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