BOTAS, a Turkish national oil and gas company, borrows EUR150,000,000 for 12 months at an annual...
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BOTAS, a Turkish national oil and gas company, borrows EUR150,000,000 for 12 months at an annual interest rate of 8.95%. a) What is the cost of the debt in Turkish Liras if the Euro weakens from EUR/TRL 19 to EUR/TRL 16.5 over the 12 months?. (5 marks) b) What is the cost of the debt in Turkish Liras if the Euro strengthens from EUR/TRL 19 to EUR/TRL 22.4 over the 12 months? (5 marks) BOTAS, a Turkish national oil and gas company, borrows EUR150,000,000 for 12 months at an annual interest rate of 8.95%. a) What is the cost of the debt in Turkish Liras if the Euro weakens from EUR/TRL 19 to EUR/TRL 16.5 over the 12 months?. (5 marks) b) What is the cost of the debt in Turkish Liras if the Euro strengthens from EUR/TRL 19 to EUR/TRL 22.4 over the 12 months? (5 marks)
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