+1 (218) 451-4151
glass
pen
clip
papers
heaphones

A French utility seeks USD financing because it perceives theUSD as over-bought and because USD rat

A French utility seeks USD financing because it perceives theUSD as over-bought and because USD rat

A French utility seeks USD financing because it perceives theUSD as over-bought and because USD rates are lower than EUR rates.A British bankAc€?? active in the Eurocurrency marketAc€?? promisescompetitive rates and offers a 90- day USD 30 million loan at arate of 4 percent (LIBOR convention). Loan fees are 0.4 percent.Calculate the all-in cost