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Lincolnshire Co. exports 80 percent of its total production of goods in New Mexico to Latin American countries. Kalafa Co. sells all the goods it

Lincolnshire Co. exports 80 percent of its total production of goods in New Mexico to Latin American countries. Kalafa Co. sells all the goods it produces in the United States, but it has a subsidiary in Spain that usually generates about 20 percent of its total earnings. Compare the translation exposure of these two U.S.
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