Fill This Form To Receive Instant Help
Fill This Form To Receive Instant Help
Homework answers / question archive / Chavez S
Chavez S.A., a Venezuelan company, wishes to borrow $8,000,000 for eight weeks. A rate of 6.250% per annum is quoted by potential lenders in New York, Great Britain, and Switzerland using, international, British, and the Swiss-Eurobond definitions of interest (day count conventions), respectively. From which source should Chavez borrow?
Answer:
|
Chaves should borrow from the British bank, because the interest payment would be the smallest (365 days/year 28 days/month). |
