Business, 30.10.2021 14:00, jflakes406

As a US multinational you decide to borrow long-term debt of 1 million KRW at 8% for one year. The exchange rate on the date you borrowed the debt is 100 KRW / $ and the exchange rate on the date you repaid the debt is 110 KRW / $. What is the nominal cost of borrowing the KRW debt in US$ terms? g

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As a US multinational you decide to borrow long-term debt of 1 million KRW at 8% for one year. The e...