Business, 13.04.2021 01:00 grecie9643

Chavez S. A. Chavez S. A., a Venezuelan company, wishes to borrow $7,500,000 for eight weeks. A rate of % per annum is quoted by potential lenders in New York, Great Britain, and Switzerland using, respectively, international, British, and the Swiss-eurobond definitions of interest (day count conventions). Although all three currency markets assume a 360-day year for interest rate calculations, the U. S. and British markets use the exact number of days in the period in question, 56 days in this case, while the Swiss market assumes a standardized 30-day month. From which source should Chavez borrow? The interest charge on the principal from lenders in New York is $ nothing. (Round to the nearest cent.)

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Chavez S. A. Chavez S. A., a Venezuelan company, wishes to borrow $7,500,000 for eight weeks. A r...

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