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If the British subsidiary of a European firm has net exposed assets of 125,000, and the pound increases in value from 1.40/ to 1.44/, the

If the British subsidiary of a European firm has net exposed assets of 125,000, and the pound increases in value from 1.40/ to 1.44/, the European firm has a translation: O sain of 5,000. O loss of 5,000. loss of 5,000 O gain of 5,000

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