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Consider an MNC that uses market-based forecasting to estimate future exchange rates. Note: Asdume e represents the percentage change in the value of currency of

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Consider an MNC that uses market-based forecasting to estimate future exchange rates. Note: Asdume e represents the percentage change in the value of currency of interest. If an MNC uses the current spot rate of a currency as its forecast for the future spot rate of that currency, then it must assume that E(es) > 0. O False O True

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