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A company has an outstanding debt of USD $1,500, which has to be liquidated in MXN. At the time the obligation was incurred, the FX
A company has an outstanding debt of USD $1,500, which has to be liquidated in MXN. At the time the obligation was incurred, the FX rate was USD/MXN \$18. Three months later, the company has to liquidate their debt, when the current FX rate is USD/MXN \$18.20. The profit or loss from the operation is: FX gain of MXN $300 FX loss of MXN $300 FX gain of USD $300
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Finance
Authors: Angelico Groppelli, Ehsan Nikbakht
2nd Edition
0812043731, 978-0812043730
