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q1 1. BHP Billiton Ltd has no operation in Switzerland but considers issuing a 20-year Swiss franc-denominated bond because of the lower coupon rate in

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1. BHP Billiton Ltd has no operation in Switzerland but considers issuing a 20-year Swiss franc-denominated bond because of the lower coupon rate in Switzerland than elsewhere. The proceeds are to be converted to British pounds to support its operation in Britain. By doing so the company minimizes the risks involved. State True or False and briefly explain why

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