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The Copper Mountain Group, a private equity firm headquartered in Boulder, Colorado, borrows 4,500,000 for one year at 8.375% interest. a. What is the dollar

The Copper Mountain Group, a private equity firm headquartered in Boulder, Colorado, borrows 4,500,000 for one year at 8.375% interest.

a. What is the dollar cost percent of this debt if the pound depreciates from $2.0210/ to $1.9430/ over the year?

b. What is the dollar cost percent of this debt if the pound appreciates from $2.0210/ to $2.1620/ over the year?

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