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Copper Mountain Group (U.S.). The Copper Mountain Group, a private equity firm headquartered in Boulder, Colorado, borrows 4,500,000 for one year at 7.375% interest. a.

Copper Mountain Group (U.S.). The Copper Mountain Group, a private equity firm headquartered in Boulder, Colorado, borrows 4,500,000 for one year at 7.375% interest.

a. What is the dollar cost of this debt if the pound depreciates from $2.0280/ to $1.9410/ over the year? __%

b. What is the dollar cost of this debt if the pound appreciates from $2.0280/ to $2.1610/ over the year? __%

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