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QUESTION 7 Griffith Ltd. wants to establish a new subsidiary in Canada that will sell books to Canadian customers and remit earnings back to the

QUESTION 7 Griffith Ltd. wants to establish a new subsidiary in Canada that will sell books to Canadian customers and remit earnings back to the U.S. parent. The value of this project will be favorably affected if the value of the Canadian dollar __ while Griffith establishes the new subsidiary and __ when the subsidiary starts operations. a. declines; appreciates b. appreciates; appreciates c.appreciates; declines d.declines; declines

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