What has been the change in the dollar cost of repaying


A U.S firm's UK subsidiary borrowed $1,000,000 three years ago that it must now repay. The spot exchange rate was £0.75$s when the money was borrowed, however, the dollar has since appreciated to £0.85/$. What has been the change in the dollar cost of repaying this loan?

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Financial Management: What has been the change in the dollar cost of repaying
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