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The current spot rate is $1,229/. You charge domestic customers $1,000,000 for your product. You decide to share the FX risk with your euro zone
The current spot rate is $1,229/. You charge domestic customers $1,000,000 for your product. You decide to share the FX risk with your euro zone customers by invoicing half in dollars and half in euros. How much will your customers pay (in euros) if the spot rate is $1.387/ at the time of payment
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ISE International Financial Management
Authors: Cheol Eun, Bruce Resnick, Tuugi Chuluun
9th International Edition
1260575314, 9781260575316
