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Question 6 (15 marks, please write between 300-500 words.) For your job as the business reporter for a local newspaper, you are given the assignment
Question 6 (15 marks, please write between 300-500 words.) For your job as the business reporter for a local newspaper, you are given the assignment of putting together a series of articles on multinational finance and the international currency markets for your readers. Much recent local press coverage has been given to losses in the foreign exchange markets by JGAR, a local firm that is the subsidiary of Daedlufetarg, a large German manufacturing firm. Your editor would like you to address several specific questions dealing with multinational finance. Prepare a response to the following memorandum from your editor: TO: Business Reporter FROM: Perry White, Editor, Daily Planet RE: Upcoming series on multinational finance In your upcoming series on multinational finance, I would like to make sure you cover several specific points. In addition, before you begin this assignment, I want to make sure we are all on the same page, as accuracy has always been the cornerstone of the Daily Planet. I'd like a response to the following questions before we proceed: a) What new problems and factors are encountered in international financial management as opposed to domestic financial management? b) What does the term arbitrage profit mean? c) What does interest rate parity refer to
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