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33. (20 points) Bart Inc. Expects to receive C$1,000,000 and 700,000. They need to pay their suppliers in Germany $500,000 and they need to invest
33. (20 points) Bart Inc. Expects to receive C$1,000,000 and 700,000. They need to pay their suppliers in Germany $500,000 and they need to invest HK$7,000,000 into their subsidiary. Spot rate: C$1 = $0.87 HK$1 = $0.15 1 = $1.24 The C$ and are highly negatively correlated. The C$ and HK$ have almost zero correlation. Discuss this company's degree of exchange rate exposure
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