Assume a Canadian.-based subsidiary wants to raise C$3 million by issuing a bond denominated in U.S. dollars.

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Assume a Canadian.-based subsidiary wants to raise C$3 million by issuing a bond denominated in U.S. dollars. The current exchange rate is 1C$ equals $0.80. Thus, the MNC needs ____ dollars to obtain the C$1 million needed

Posted Date: May 16, 2024 04:19 PM

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Assume a Canadian.-based subsidiary wants to raise C$3 million by issuing a bond denominated in U.S. dollars.

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