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In international capital budgeting, is : A) Home currency cash flows must be discounted at the foreign discount rate. B) Foreign currency cash flows must
"In international capital budgeting," is :
A) Home currency cash flows must be discounted at the foreign discount rate.
B) Foreign currency cash flows must be discounted at the home country discount rate.
C) Foreign currency cash flows must be discounted at the foreign discount rate.
D) The choice of the discount rate is irrelevant as long as the cash flows are in the currency of the foreign country where the operations are.
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