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11. To finance this US expansion, assume that Angostura borrows US $50,000,000 for one year at 7.425% interest. a. What is the TTD cost of

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11. To finance this US expansion, assume that Angostura borrows US $50,000,000 for one year at 7.425% interest. a. What is the TTD cost of this debt if the TTD depreciates from TT$6.7880/$ to TT$7.550/$ over the year? b. b. What is the TTD cost of this debt if the TTD appreciates from TT$6.7880/$ to TT$6.520/$ over the year? 8 marks

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