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5 f K-Roo Ltd. wants expand internationally and is looking at the Eurobond market. It can choose between two bank syndicates that are willing to

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5 f K-Roo Ltd. wants expand internationally and is looking at the Eurobond market. It can choose between two bank syndicates that are willing to back the Eurobond issue, with the following fee schedules: ANZ Westpac Principal 377811 377811 Maturity 5 years 5 years Syndication fee 2.99% 1.73% Interest rate p.a. 6% 3.25% Coupons per year 2 4 What is the lowest effective annual interest rate K-Roo Ltd. ca achieve for the first payment period? O a. 0.03307 O b. 0.06185 O c. 0.03250 O d. 0.03803 O e. 0.02976

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