=+If Happy borrows foreign currency, it will not cover it; that is, it will simply change foreign
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=+If Happy borrows foreign currency, it will not cover it; that is, it will simply change foreign currency for dollars at today’s spot rate and buy the same foreign currency a year later at the spot rate
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International Business Competing In The Global Marketplace
ISBN: 9781259929441
12th Edition
Authors: Charles Hill, G. Tomas M. Hult
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