Homework: Chapter 8 Homework Question 3, Problem 8-4 (algorithmic) Part 1 of 10 HW Score: 0%, 0 of 5 points O Points: 0 of 1 Save BBC (Australia). Botany Bay Corporation (BBC) of Australia seeks to borrow US$30,000,000 in the eurodollar market. Funding is needed for two years. Investigation leads to three possibilities. Compare the alternatives and make a recommendation. 1. Botany Bay could borrow the US$30,000,000 for two years at a fixed 5% rate of interest. 2. Botany Bay could borrow the US$30,000,000 at LIBOR +1.500%. LIBOR is currently 3.500%, and the rate would be reset every six months. 3. Botany Bay could borrow the US$30,000,000 for one year only at 4.500%. At the end of the first year, Botany Bay would have to negotiate for a new one-year loan. COTES 1. Botany Bay could borrow the US$30,000,000 for two years at a fixed 5% rate of interest. For Alternative 1, the interest cost per year is S for the first year and $ for the second year. (Round to the nearest dollar) Help me solve this View an example Get more help. Clear all 111 Chack answer