QUESTION 16 Assume a Canadian-based subsidiary wants to raise C$1 million by issuing a bond denominated in US dollars. The current exchange rate of the US dollar is C$ 1.25. Thus, the MNC needs dollars to obtain the C$1 million needed a $1,250,000 Ob. None of these are correct O c $800.000 O d. 1,000,000 QUESTION 17 Jones Corp. a MNC has decided to issue three year bonds denominated in 10 million euros at par The bonds have a coupon rate of 10 percent. If the euro is expected to appreciate from its current level of $1.13 to $1.15, S1 18, and $1 20 in years 1, 2 and 3 respectively, what is the financing cost of these bonds? O a 17 percent O6.23.18 percent Oc.23.39 percent Od. 12 23 percent