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A U.S. investor who purchases a security abroad would have to convert the cash flow into dollars. According to your textbook, how is this done?
A U.S. investor who purchases a security abroad would have to convert the cash flow into dollars. According to your textbook, how is this done? Select one: a. By using the current spot exchange rate. b. By using the forward exchange rate. c. By using the future exchange rate. d. By discounting the currency fluctuation. e. It cannot be done.
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