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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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