Question
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/,
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: ?
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Multinational financial management
Authors: Alan c. Shapiro
10th edition
9781118801161, 1118572386, 1118801164, 978-1118572382
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