Question
A UK company has an overall cost of 70m$ and expects to receive 50M$ from its US branch. what is the exchange rate that will
- A UK company has an overall cost of 70m$ and expects to receive 50M$ from its US branch. what is the exchange rate that will make the company breaks even.
| None of the choices | ||
| Both 1GBP= 1.4$ and 1GBP= 0.714$ are correct
| ||
| 1GBP= 0.714$ only is correct
| ||
| 1GBP= 1.4$ only is correct
| ||
| 1$= 0.714 GBP only is correct
| ||
| Both 1GBP= 1.4$ and 1$= 0.714 GBP are correct
|
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Analysis for Financial Management
Authors: Robert c. Higgins
8th edition
73041807, 73041803, 978-0073041803
