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boland boland
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8 years ago
Hydrotech Manufacturing of Houston Texas expects to receive dividends each year from a foreign subsidiary for the next 5 years.  The dividend is expected to grow at a rate of 7% per year.  If the euro depreciates in value against the dollar at a rate of 2% per year over the life of the dividends, then the present value of the euro dividends to Hydrotech will be ________ if there had been no change in the relative values of the euro and dollar.
A) greater than
B) the same as
C) less than
D) There is not enough information to answer this question.
Textbook 
Fundamentals of Multinational Finance

Fundamentals of Multinational Finance


Edition: 5th
Authors:
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noxx53noxx53
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7 years ago
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boland Author
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#2
7 years ago
Woah how do you have the time to do all this?!

Thanks Smiling Face with Open Mouth
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#3
7 years ago
Happy to help Smiling Face with Open Mouth
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