Dell Computers would like to borrow pounds, and Virgin Airlines wants to borrow dollars. Because Dell is better known in the US, it can borrow $ at 7% and £ at 9%, whereas Virgin can borrow $ at 8% and £ at 8.5%. What should the two companies do in order to reduce the interest rate cost? Calculate savings for each company
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Home » Business » Dell Computers would like to borrow pounds, and Virgin Airlines wants to borrow dollars. Because Dell is better known in the US, it can borrow $ at 7% and £ at 9%, whereas Virgin can borrow $ at 8% and £ at 8.5%.