d. Using your answer for parte and the December 31, 1998 car- rying value, estimate the carrying amount of the notes (in CF) at December 31, 1999

c. Provide two possible explanations for the difference between your answer to part d and the actual carrying amount in Swiss francs at December 31, 1999.

f. Describe the effect of issuing these notes. instead of full coupon notes, on Roche's: (i) Cash from operations (ii) rerd of interest expense g. Describe the effect of the change in the value of the dollar during 19 on Roche's interest expense on these notes.