Question: Jones Corp. a MNC has decided to issue three-year bonds denominated in 10 million euros at par. The bonds have a coupon rate of 10

Jones Corp. a MNC has decided to issue three-year bonds denominated in 10 million euros at par. The bonds have a coupon rate of 10 percent. If the euro is expected to appreciate from its current level of $1.13 to $1.15, $1.18, and $1.20 in years 1, 2, and 3, respectively, what is the financing cost of these bonds?

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