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Laurel Co. is a U.S.-based company with US dollar costs and with revenues in euros and Swiss francs. Assume that the euro-franc exchange rate will
Laurel Co. is a U.S.-based company with US dollar costs and with revenues in euros and Swiss francs. Assume that the euro-franc exchange rate will remain quite stable. Hardy Co. is also U.S.-based, but has euro revenues and costs in Swiss francs, rather than in USD. Which firm has a higher exposure to exchange rate risk
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