【单选题】Company X wants to borrow $10,000,000 floating for 5 years; company Y wants to borrow £5,000,000 fixed for 5 years. The exchange rate is $2 = £1 and is not expected to change over the next 5 years. Th...
A.
They should borrow $10,000,000 at $10%
B.
They should borrow £5,000,000 at 10.50% interest-only for five years; translate pounds to dollars at the spot rate.
C.
They should borrow £5,000,000 at £10.50% interest-only for five years; translate pounds to dollars at the spot rate; enter long position in a forward contract to buy £5,000,000 in five years.