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1. If a firm cannot pay what is owed on a large bond coming due, but projects to have better cash flows in upcoming years,

1. If a firm cannot pay what is owed on a large bond coming due, but projects to have better cash flows in upcoming years, which type of bankruptcy should is considered?

2. our foreign subsidiary is supposed to pay us in Mexican Pesos in six months. What happens to the amount of money we will receive if the Mexican Peso rapidly appreciates? What happens if it vastly depreciates? How does this affect the bottom line of the parent company?

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