1) American Amalgamated wants to issue 10-year euro denominated debt. They can currently issue US debt at a spread of 175 bp over 10-year US treasuries. They can issue euro 10-year debt at a spread of 200 over 10-year euro treasury bonds. They can issue US floating 10-year dollar debt at a spread of 100 bp over 3-month LIBOR. Deutsche Bank wants a floating dollar liability. Deutsche Bank can issue 10-year floating US debt at a spread of 50 over 3-month LIBOR, 10-year US fixed debt at a spread of 100 over 10-year treasuries, and 10-year euro bonds at a spread of 100 over the euro treasury bond. a) Why might American Amalgamated want to issue euro denominated debt