Question: [ 10-pts] 6. (Mark Cuban example) REFINANCING Your USA client has $25 million USS debt and will refinance that debt to take advantage of expected

[ 10-pts] 6. (Mark Cuban example) REFINANCING Your USA client has

[ 10-pts] 6. (Mark Cuban example) REFINANCING Your USA client has $25 million USS debt and will refinance that debt to take advantage of expected weakening of the Yen. Therefore, you first refinance the S25m amount into equivalent value in Yen debt, when the exchange rate was 94 Yen/S. A year later the exchange rate had changed to 118 Yen/S. At that time, you refinance your total Yen debt back into S. (ignore interest payments)

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