Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 24 Oct 2017 My Price 3.00

IBM’s German unit

IBM’s German unit is looking to borrow €7.5 million from Deutsche Bank. Deutsche Bank quotes a rate of three-month LIBOR plus 0.25 percent for the 90-day loan. Currently, the three-month LIBOR is 3.875 percent. What is IBM’s interest cost on the loan in Euros? If the exchange rate on the payoff date is €0.8164/$, what is the dollar cost of the loan?

Answers

Maurice Tutor
(5)
Status NEW Posted 24 Oct 2017 07:10 PM My Price 3.00

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