CH18 Question 1 a. Which currency appreciated relative to the other over the period from December 2007 to September 2011? The British pound pr the US dollar? b. If you exchanged $200 in London in September 2011, how many pounds would you receive? c. Today is September 2011. USACO is a US-based company that expects to repatriate 10 million in cash flows from a UK-based subsidiary in 6 months, but it is concerned that UK pounds will substantially depreciate over this time period. Explain what kind of risk this is. And explain how USACO could manage this risk. (No calculations are necessary, but they might be helpful.)