QUESTION 14 The integration of financial centers implies there can be no significant difference in exchange rates quoted in the foreign exchange trading centers. True False QUESTION 15 A firm considers which strategy is optimal for its globalization initiatives. It considers: 1) a Foreign Direct Investment (FDI), which has a present value of $6,000,000 and an initial cost of $4,000,000; 2) an exporting strategy, which has a present value of $3,500,000 and an initial cost of $500,000; and finally, 3) a Licensing strategy, which has a present value wf $2,000,000 and no initial costs If the firm uses the Net Present Value (NPV) decision rule, which option should it choose? None of the three options Licensing FDI The firm should be indifferent between the three options, because they all have positive NPVs