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The Copper Mountain Group, a private equity group borrows 5,400,000 for one year at 8.625% interest. a. What is the dollar cost of this debt

The Copper Mountain Group, a private equity group borrows 5,400,000 for one year at 8.625% interest.

a. What is the dollar cost of this debt if the pound depreciates from $2.0220 to $1.9450 over the year?

b. What is the dollar cost of this debt if tbe pound appreciates from $ 2.0220 to $ 2.1630?

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