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Assume that Global Medical Equipment Corp., a U.S corporation, has a subsidiary in Germany. The subsidiary exports its products to various countries in Europe. All
Assume that Global Medical Equipment Corp., a U.S corporation, has a subsidiary in Germany. The subsidiary exports its products to various countries in Europe. All of the countries where it exports use Euro as their currency. Do you agree with the statement that Global Medical Equipment is not subject to the exchange rate risk? Brieftly explain the reason.
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