Amcor Limited, an Australian company, can issue three years Swiss franc-denominated bonds with a coupon rate of 3

Subject:AccountingPrice:2.86 Bought8

Share With

Amcor Limited, an Australian company, can issue three years Swiss franc-denominated bonds with a coupon rate of 3.71 per cent. Assuming that Amcor can issue bonds worth A$6.08 million that the current exchange rate of the Swiss franc is A$1.2332, and that the forecasted exchange rate of the franc in each of the next three years is A$1.4796, what is the annual cost in the percentage of financing for the franc-denominated bonds? (enter the two decimal number without sign or symbol)