The treasurer of a us company has 1000000 to invest for 30, Financial Management

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The treasurer of a us company has 1000000 to invest for 30

The treasurer of a U.S company has $1,000,000 to invest for 30 days. A 30-day euro deposit yields 2.00 percent. The present exchange rate of € is $1.1550. What is the annualized yield on the dollar deposit in the euro market if the exchange rate of € is $1.1520 at the end of 30 days?

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Financial Management: The treasurer of a us company has 1000000 to invest for 30

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