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For an airline operating in Venezuela for several years, if the firm has accrued earnings of $750 million (USD) at an exchange rate of 6.3

For an airline operating in Venezuela for several years, if the firm has accrued earnings of $750 million (USD) at an exchange rate of 6.3 bolivars per dollar, what is the impact if the airline now repatriates the total funds to the U.S. at the Venezuelan government's official rate of 50 bolivars per dollar.

roughly a loss of $656 mm

roughly a loss of $4.7 billion

no loss to the U.S. firm

roughly a gain of $94mm

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