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Suppose that the Eron Company knows that it must pay 7 million for goods that it will receive in Britain. The current exchange rate is
Suppose that the Eron Company knows that it must pay 7 million for goods that it will receive in Britain. The current exchange rate is $1.75/. the risk that the corporate treasurer faces is that: Select one: a. The pound exchange rate does not change from its current position b. The pound exchange rate falls in a month's time to $1.50/ c. The pound exchange rate falls in a month's time to $1.25/ d. The pound exchange rate rises in a month's time to $2.00/
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