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Suppose Mi can issue USD 100 million of debt at a cost of 7.81%, whereas I can issue USD 100 million of debt at a cost of 999%. 1 Ml issues EUR-denominated bonds equivalent to USD 100 SPI million, its cost will be 7.46%, whereas it Pl issues such bonds its cost will be 8.79%. Then it must be that has the absolute advantage when borrowing USD. a Both PI OC MI. d. Neither Transaction exposure is defined as the effects of exchange rate changes on _contractually binding foreign currency denominated cash flows. O a partially known O b. partially unknown Ocunknown Od known