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Bull Co. has a subsidiary based in Canada and is exposed to translation exposure. Bull Co. forecasts that its earnings next year will be C$10
Bull Co. has a subsidiary based in Canada and is exposed to translation exposure. Bull Co. forecasts that its earnings next year will be C$10 million. Bull Co. decides to hedge the expected earnings by selling C$10 million forward. During the next year, the C$ appreciated. Bull Co's consolidated earnings were ____ affected by the C$'s movement, and Bull Co's hedge position was ____ affected by the C$'s movement.
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