Molson Brewery, a Canadian company wishes to borrow $1,000,000 for 12 weeks. A rate of 6.00% per annum is quoted by lenders in both New York and London using, respectively, international and British definitions of interest. From which source should Molson borrow other things equal? What is Molson's total interest charge from the selected source?

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The Answer of Molson Brewery, a Canadian company wishes to borrow $1,000,000 for 12 weeks. A rate of 6.00% per annum is quoted by lenders in both New York and London using, respectively, international and British definitions of interest. From which source should Molson borrow other things equal? What is Molson's total interest charge from the selected source?

Molson Brewery, a Canadian Company Wishes to Borrow $1,000,000 for 12