Question
A German MNC wants to raise 20 million euro by issuing Yankee bonds in the U.S. The current exchange rate is 1 euro = $1.31.
A German MNC wants to raise 20 million euro by issuing Yankee bonds in the U.S. The current exchange rate is 1 euro = $1.31. How many dollars does the MNC need to obtain the 20 million euros?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham
Concise 9th Edition
1305635937, 1305635930, 978-1305635937
