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3. Assume that the British pound and Swiss franc are highly correlated. A U.S. firm anticipates the equivalent of SI million cash outflows (costs) in

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3. Assume that the British pound and Swiss franc are highly correlated. A U.S. firm anticipates the equivalent of SI million cash outflows (costs) in francs and the equivalent of SI million cash outflows (costs) in pounds. During a cycle, the firm isaffected by its exposure a. strong dollar; not b. weak dollar; not c. weak dollar; favorably d. strong dollar; favorably dto translation exposure

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