Question
If the British subsidiary of a European firm has net exposed liabilities of 250,000, and the pound drops in value from 1.35/ to 1.30/, the
If the British subsidiary of a European firm has net exposed liabilities of 250,000, and the pound drops in value from 1.35/ to 1.30/, the European firm has a translation loss or gain [if loss use negative sign (-)] of:
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Mathematics Of Finance
Authors: Petr Zima, Robert L. Brown
5th Edition
0070871353, 978-0070871359
