12 Economic exposure. Holbein BV (Netherlands) produces hospital equipment. Most of its revenues are in the United
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12 Economic exposure. Holbein BV (Netherlands) produces hospital equipment. Most of its revenues are in the United States. About half of its expenses are in Philippine pesos (to pay for Philippine materials).
Most of Holbein’s competition is from US firms that have no international business at all. How will Holbein be affected if the peso strengthens?
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