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The Copper Mountain​ Group, a private equity firm headquartered in​ Boulder, Colorado, borrows ​£4,500,000 for one...

The Copper Mountain​ Group, a private equity firm headquartered in​ Boulder, Colorado, borrows ​£4,500,000 for one year at 7.875​% interest.

a. What is the dollar cost of this debt if the pound depreciates from ​$2.0270​/£ to ​$1.9450​/£ over the​ year? ( _% Round to two decimal points )

b. What is the dollar cost of this debt if the pound appreciates from ​$2.0270​/£ to ​$2.1630​/£ over the​ year? ( _% Round to two decimal points )

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