22.4 $1,325. b. Indirect exchange rate: $1.9 x 1.1322 = 1.0190 francs. c. 1,500/1.0190 = $1,472. The
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22.4 $1,325.
b. Indirect exchange rate: $1.9 x 1.1322 = 1.0190 francs.
c. 1,500/1.0190 = $1,472. The dollar price increases.
d. 1,325 x 1.0190 = 1,350 francs. The firm receives 10% fewer francs, reflecting the 10% decline in the value of each dollar.
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9780073382302
6th Edition
Authors: Richard A Brealey, Stewart C Myers, Alan J Marcus
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