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23. Brzoska Inc's German subsidiary has forecasted earnings next year of E1 0 miilion. Assume that the current one-year forward rate for euros is $1.33,

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23. Brzoska Inc's German subsidiary has forecasted earnings next year of E1 0 miilion. Assume that the current one-year forward rate for euros is $1.33, the same as the current Spot rate. Further assume that the euro depreciates over the year, so that the weighted average exchange rate is $1.30 over the year. 24. How wit] the subsidiary earnings be translated? a. $7.69 million 1). $130 million G. $7.52 million d. $13.3 million

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