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Gretz Tool Company is a large U.S.-based multinational corporation with subsidiar- ies in eight different countries. The company provided an initial cash infusion to establish
Gretz Tool Company is a large U.S.-based multinational corporation with subsidiar- ies in eight different countries. The company provided an initial cash infusion to establish each subsidiary. However, each subsidiary has had to finance its own growth since then. The parent and subsidiaries of Gretz typically use Citigroup (with branches i Recently, the British subsidiary called on Citigroup for a medium-term loan and was offered the following alternatives: Recently, the British subsidiary called on Citigroup for a medium-term loan and was offered the following alternatives: What characteristics do you think would help the British subsidiary determine which currency to borrow
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