Ga u. s.-based company, stewart, inc., arranged a 2-year, $1,000,000 loan to fund a project in mexico. the loan is denominated in mexican pesos, carries a 10.0% nominal rate, and requires equal semiannual payments. the exchange rate at the time of the loan was 5.75 pesos per dollar, but it dropped to 5.10 pesos per dollar before the first payment came due. the loan was not hedged in the foreign exchange market. thus, stewart must convert u. s. funds to mexican pesos to make its payments. if the exchange rate remains at 5.10 pesos per dollar through the end of the loan period, what effective interest rate will stewart end up paying on the loan?

Rats that received electric shocks were unlikely to develop ulcers if the

Why entrepreneurs start businesses. a) monopolistic competition b) perfect competition c) sole proprietorship d) profit motive

Now ray has had the tires for two months and he notices that the tread has started to pull away from the tire. he has already contacted the place who sold the tires and calmly and accurately explained the problem. they didn’t him because they no longer carry that tire. so he talked with the manager and he still did not get the tire replaced. his consumer rights are being violated. pretend you are ray and write a letter to the company’s headquarters. here are some points to keep in mind when writing the letter: include your name, address, and account number, if appropriate. describe your purchase (name of product, serial numbers, date and location of purchase). state the problem and give the history of how you tried to resolve the problem. ask for a specific action. include how you can be reached.