of the year. Available alternatives are as follows:

the yen$-$denominated loan for Grupo Modelo?

the euro$-$denominated loan for Grupo Modelo?

c$.$ Sell U$.$S$.$ dollar bonds at par yielding $5\mathrm{.}40\%$ per annum. What is the effective cost of the dollar$-$denominated loan for Grupo Modelo?

d$.$ Which course of action do you recommend Grupo Modelo take and why?

amount to the nearest whole number and the exchange rate to two decimal places.$)$