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