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Marathon Manufacturing intends to issue $100 million of bonds. It is considering issuing them in the Euromarket or the domestic U.S. market. The Euro issue

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Marathon Manufacturing intends to issue $100 million of bonds. It is considering issuing them in the Euromarket or the domestic U.S. market. The Euro issue would cost 7.50%, and the domestic issue would cost 7.40% including fees. Which issue is cheaper? Euro issue Domestic issue

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