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If the British subsidiary of a European firm has net exposed assets of 250,000, and the euro drops in value from 1.35/ to 1.40/, the
If the British subsidiary of a European firm has net exposed assets of 250,000, and the euro drops in value from 1.35/ to 1.40/, the European firm has a translation ________.
A. | gain of 12,500 | |
B. | loss of 12,500 | |
C. | loss of 12,500 | |
D. | gain of 12,500 |
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