denominated bonds would have a coupon rate of 3 per cent. Assuming that Amcor can issue bonds worth A$10,000,000 in either currency, that the current exchange rate of the Swiss franc is A$1.30, and that the forecasted exchange rate of the franc in each of the next three years is A$1.40, what is the annual cost of financing for the franc-denominated bonds?

Select one:

a. between 13% and 15%

b. between 5% and 7%

c. between 9% and 11%

d. between 17% and 19%