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a.Why might a firm choose to hedge FX exposures? Why might a firm choose not to hedge FX exposures? b. Why might the average cost

a.Why might a firm choose to hedge FX exposures? Why might a firm choose not to hedge FX exposures?

b. Why might the average cost of capital vary across countries?

c.Why might ownership concentration levels differ between countries?

d.Are the observed rights accruing to security holders the same across different legal structures?

e.Is capital structure relevant?

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