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A multinational technology company headquartered in Japan has a subsidiary in Europe. The subsidiary generates, annual revenue of E 1 0 . million. If the

A multinational technology company headquartered in Japan has a subsidiary in Europe. The subsidiary generates, annual revenue of

E 10 .

million. If the exchange rate between the euro

(

EUR

)

and the Japane se yen

(

JPY

)

changes from

1

exchanes rate movem ent have on the subsidiary's revenue:

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