Maori Beer (B): Hong Kong Dollar Debt. Maori Beer of New Zealand borrowed Hong Kong dollars (HKD)

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Maori Beer (B): Hong Kong Dollar Debt. Maori Beer of New Zealand borrowed Hong Kong dollars (HKD) under a long-term loan agreement several years ago.

The company’s new CFO believes, however, that what was originally thought to have been relatively “cheap debt” is no longer true. What do you think?

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Multinational Business Finance

ISBN: 9781292445960

16th Global Edition

Authors: David Eiteman, Arthur Stonehill, Michael Moffett

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Question Posted: May 27, 2024 02:09 AM

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Maori Beer (B): Hong Kong Dollar Debt. Maori Beer of New Zealand borrowed Hong Kong dollars (HKD)

Question:

2017 2018 2019 Annual Hong 90,000,000 90,000,000 90,000,000 Kong dollar payments on debt agreement (HKD) Average exchange rate, HKD = NZD1.00 Annual Hong Kong dollar debt service, NZD 5.20 5.10 4.98

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Multinational Business Finance

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