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International business Assume that the exchange rate between the British pound and the U.S. dollar is 1 pound 2 dollars. An Armani jacket sells for

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International business
Assume that the exchange rate between the British pound and the U.S. dollar is 1 pound 2 dollars. An Armani jacket sells for $80 in New York and 40 pounds in London. This is an example of Multiple Choice currency swap. 0 the law of one price. hedging arbitrage. exchange rate risk

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