Question: answer the question please Answer the question that give a You are the CEO of a Mexican company that took out a dollar-denominate loan from

answer the question please

answer the question please Answer the question that give a You are

Answer the question that give a You are the CEO of a Mexican company that took out a dollar-denominate loan from an American bank one year ago when the peso-dollar exchange rate was 10 pesos per dollar. You borrowed $100,000 at 8% interest and promised to repay the entire balance and interest in one payment at the end of the year, the current exchange rate is 9.5 pesos per dollar .what effective pesos- denominated rate of interest did you pay for the loan

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