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2. Exercise 6.2 If the U.S. dollar were to appreciate substantially, what steps could a domestic manufacturer such as Cummins Engine Co. of Columbus, Indiana,
2. Exercise 6.2 If the U.S. dollar were to appreciate substantially, what steps could a domestic manufacturer such as Cummins Engine Co. of Columbus, Indiana, take in advance to reduce the effect of the exchange rate fluctuation on company profitability? Check all that apply. Use financial derivative contracts to offset cash flow losses. Demand payment in U.S. dollars. Ensure that sales gains in domestic markets offset losses in foreign markets
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