What is the dollar cost of debt

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The Copper Mountain? Group, a private equity firm headquartered in? Boulder, Colorado, borrows ?£4,600,000 for one year at 8.375?% interest.

a. What is the dollar cost of this debt if the pound depreciates from ?$2.0220?/£ to ?$1.9440?/£ over the? year? (Round to two decimal? places.)

b. What is the dollar cost of this debt if the pound appreciates from ?$2.0220?/£ to ?$2.1620?/£ over the? year? (Round to two decimal? places.)

Reference no: EM132698038

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