Logan decided to use the excess cash to pay off the British loan. However, a friend advised him to invest the cash in British Treasury bills, stating that "the loan provides an offset to the pound receivables, so you would be better off investing in British Treasury bills than paying off the loan." Is the friend correct? What should Logan do?
Experts are waiting 24/7 to provide step-by-step solutions in as fast as 30 minutes!*
*Response times vary by subject and question complexity. Median response time is 34 minutes and may be longer for new subjects.