Question
Zylex Corporation's German unit is looking to borrow 4.5 million from Deutsche Bank. Deutsche Bank quotes a rate of three-month LIBOR plus 0.5 percent for
Zylex Corporation's German unit is looking to borrow 4.5 million from Deutsche Bank. Deutsche Bank quotes a rate of three-month LIBOR plus 0.5 percent for the 90-day loan. Currently, the three-month LIBOR is 4.175 percent. If the exchange rate on the payoff date is 0.8334/$, what is the dollar cost of the loan? (Round your final answer to two decimal places.)
Question 34 options:
| $126,214.90 | ||||||||
| $39,143.76 | ||||||||
| $56,357.99 | ||||||||
| $63,107.45
The Euromarkets are Question 33 options:
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