作业帮关于利率评价的题,Suppose that on January 1 a firm in Mexico borrows $20 million from Citibank (USA) for one year at 8.00% interest per annum (bullet repayment of principal).During the year U.S.inflation is 2.00% and Mexican inflation is 12.00
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关于利率评价的题,Suppose that on January 1 a firm in Mexico borrows $20 million from Citibank (USA) for one year at 8.00% interest per annum (bullet repayment of principal).During the year U.S.inflation is 2.00% and Mexican inflation is 12.00
关于利率评价的题,
Suppose that on January 1 a firm in Mexico borrows $20 million from Citibank (USA) for one year at 8.00% interest per annum (bullet repayment of principal).During the year U.S.inflation is 2.00% and Mexican inflation is 12.00%.The loan was taken when the spot rate was Peso 3.40/US$.At the end of the one year loan period the exchange rate was Peso 5.80/US$.
Based on the above information,what is the real cost of the loan to the firm in peso terms?
(a) −3.57%
(b) 20.96%
(c) 80.63%
(d) 72.24%
关于利率评价的题,Suppose that on January 1 a firm in Mexico borrows $20 million from Citibank (USA) for one year at 8.00% interest per annum (bullet repayment of principal).During the year U.S.inflation is 2.00% and Mexican inflation is 12.00
一、排除法：
首先,比索vs美元存在3.4-5.8 / US的严重货币贬值,就意味着这笔贷款的成本相当高,因为你借来的1美元当时是3.4比索,还钱的时候变成了5.8比索才能还人家1美元,至少不会低于30%,排除A和B.
二、简单计算：
期末还本付息总计： 20,000,000.00 x (1+8%) x 5.8 / (1-12%) = 142.4 Peso,
本金：20 x 3.4 = 68 Peso
总结：
1. 实际成本应为109.4%
2. 我个人认为没有正确答案,或者该公司的利息不是一次性还清,而是按月/季归还,那么情况将取决于各个时间点的通胀和汇率,决定选C或D.
3. 由于以墨西哥公司的角度出发,以比索计价来衡量这笔贷款的实际成本,因此不需要考虑到底美国的通胀.（墨西哥公司不可能因为美国的通货膨胀就多归还他们1.02048倍的本金,膨胀是你们美国的事,墨西哥公司只按汇率购汇还钱.）