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QUESTION 66 US company has a single, wholly-owned affiliate in Japan. This affiliate has exposed assets of 500 million yen and exposed liabilities of 800
QUESTION 66
US company has a single, wholly-owned affiliate in Japan. This affiliate has exposed assets of 500 million yen and exposed liabilities of 800 million yen. The exchange rate appreciates from 150 yen per dollar to 100 yen per dollar. What is the amount of net exposure?
| 700 million | ||
| 600 million | ||
| 500 million lagging | ||
| 400 million | ||
| 300 million |
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