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Chavez SA. Chavez SA., a Venezuelan company, wishes to borrow $8,250,000 for eight weeks. A rate of 6.21% per annum is quoted by potential lenders
Chavez SA. Chavez SA., a Venezuelan company, wishes to borrow $8,250,000 for eight weeks. A rate of 6.21% per annum is quoted by potential lenders in New York, Great Britain, and Switzerland using, respectively, international, British, and the Swiss-Eurobond definitions of interest (day count conventions). From which source should Chavez borrow? The interest charge on the principal from lenders in New York is $. (Round to the nearest cent.) The interest charge on the principal from lenders in Great Britain is $ (Round to the nearest cent.) The interest charge on the principal from lenders in Switzerland is Round to the nearest cent) Chavez should borrow from either | because of the | interest cost. (Select from the drop-down menus.)
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