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What is the dollar cost of this debt if the pound depreciate

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The Copper Mountain? Group, a private equity firm headquartered in? Boulder, Colorado, borrows ?£5,400,000 for one year at 7.125?% interest.

Problem 1: What is the dollar cost of this debt if the pound depreciates from ?$2.0260?/£ to ?$1.9430?/£ over the? year?

Problem 2: What is the dollar cost of this debt if the pound appreciates from ?$2.0260?/£ to ?$2.1640?/£ over the? year?

Reference no: EM132841079

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