Question: Please show your steps for problem solving and explain clearly. Firm A is a U.S. MNC who wants to finance a pound denominated asset in

Please show your steps for problem solving and explain clearly. Firm A is a U.S. MNC who wants to finance a pound denominated asset in England, and a therefore wants to borrow 40 million pounds for 5 years. A can borrow pounds at 6% annual rate and borrow dollar at 2% annual rate. Firm B is a British MNC who wants to finance a dollar denominated asset, and therefore wants to borrow 60 million dollars for 5 years. B can borrow dollars at 3% and borrow pounds at 4% annual rate. Assume 1 pound=1.5 dollar. a) What is QSD? (7pts) Show your steps and formulas
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