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5. Blinker & Co. of New York (United States) has several European subsidiaries that remit earnings to it each year. Explain how appreciation of the

5. Blinker & Co. of New York (United States) has several European subsidiaries that remit earnings to it each year. Explain how appreciation of the euro (the currency used by most European countries) will affect Blinker & Co's valuation? (6 Points) Enter your

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