Tallahassee Co. has $2 million in excess cash that it has invested in Mexico at an annual

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Tallahassee Co. has $2 million in excess cash that it has invested in Mexico at an annual interest rate of 60 percent. The U.S. interest rate is 9 percent. By how much would the Mexican peso have to depreciate to cause such a strategy to backfire?

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International financial management

ISBN: 978-0324593471

9th Edition

Authors: Jeff Madura

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Question Posted: Jun 07, 2012 03:35 AM

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Tallahassee Co. has $2 million in excess cash that it has invested in Mexico at an annual

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International financial management

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