An MNC issues 5-year notes denominated in 5,000,000 Argentine pesos at par. The bonds have a coupon

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An MNC issues 5-year notes denominated in 5,000,000 Argentine pesos at par. The bonds have a coupon rate of 24%.If the peso remains stable at its current level of $.049 over the lifetime of the bonds and if the MNC holds the bonds until maturity, the financing cost to the MNC will be:

24%

23%

none of the options listed

25%

15%

Posted Date: May 19, 2024 03:11 PM

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An MNC issues 5-year notes denominated in 5,000,000 Argentine pesos at par. The bonds have a coupon

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