You are the debt manager for a U.S.-based multinational. You need to borrow 100,000,000 for five years. You can either borrow the 100,000,000 directly in Germany or borrow dollars in the U.S. and enter into a combined interest rate and currency swap with a swap bank. One risk that you face by using the swap that you do not face by borrowing euros directly is: Select one: a. credit risk b. sovereign risk c. exchange rate risk d. interest rate risk