Robbins corp frequently invests excess funds in the mexican, Financial Management

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Robbins corp frequently invests excess funds in the mexican

Robbins Corp. frequently invests excess funds in the Mexican money market. One year ago, Robbins invested in a one-year Mexican money market security that provided a yield of 17 percent. At the end of the year, when Robbins converted the Mexican pesos to dollars, the peso had depreciated from $.15 to $.13. What is the effective yield earned by Robbins?

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Financial Management: Robbins corp frequently invests excess funds in the mexican

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