According to an article in Forbes, ''American companies can and are raising capital in Japan at relatively low rates of interest. Dow Chemical, for instance, has raised $500 million in yen. That cost the company over 50% less than it would have at home.'' Comment on this statement.
According to an article in Forbes, ''American companies can and are raising capital in Japan at relatively low rates of interest. Dow Chemical, for instance, has raised $500 million in yen. That cost the company over 50% less than it would have at home.'' Comment on this statement.
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Forbes is comparing apples with oranges. Borrowing in yen is not the same as borrowing …View the full answer
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