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Referring to Question (The Apex Supplies Corporation Needs to Acquire

Question 4

Multiple Choice

Referring to question (The Apex Supplies Corporation needs to acquire €100 million in funds to expand their facilities.) ,at what end-of-year exchange rate will the dollar costs of borrowing Belgian francs or dollars be equal?


A) BF63.1/$
B) BF61.2/$
C) BF56.3/$
D) BF60.8/$

Correct Answer:

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