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The Copper Mountain Group, a private equity firm headquartered in Boulder, Colorado (US), borrows 5,000,000 for one year at 7.815% interest. What is the dollar

The Copper Mountain Group, a private equity firm headquartered in Boulder, Colorado (US), borrows 5,000,000 for one year at 7.815% interest.

What is the dollar cost of this debt if the pound depreciates from $2/ to $2/ over the year?

Answer as a percent to three decimal places.

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