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Consider a French company that exports French goods to the United States. What effect will a sudden appreciation of the euro relative to the dollar
Consider a French company that exports French goods to the United States. What effect will a sudden appreciation of the euro relative to the dollar have on the P/E ratio of the French company? Discuss the effect under both the possibilitiesthe company being able to completely pass through the euro appreciation to its customers (i.e., U.S importers) and the company being unable to completely pass through the euro appreciation to its customers.
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