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boland boland
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8 years ago
A U.S. firm sells merchandise today to a British company for £100,000.  The current exchange rate is $2.03/£, the account is payable in three months, and the firm chooses to avoid any hedging techniques designed to reduce or eliminate the risk of changes in the exchange rate. If the exchange rate changes to $2.01/£ the U.S. firm will realize a ________ of ________.
A) loss; £2000
B) gain; $2,000
C) gain; £2000
D) loss; $2,000
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
You're amazing, seriously
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#3
7 years ago
Pleasure is all mine
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