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Happy Company wants to raise $2 million with debt financing. The funds are needed to finance working capital, and the firm will repay them with interest in one year. Happy Company's treasurer is considering three options:

(a) Borrowing U.S. dollars from Security Pacific Bank at 8 percent.

(b) Borrowing British pounds from Midland Bank at 14 percent.

(c) Borrowing Japanese yen from Sanwa Bank at 5 percent.

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M986417

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