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There are Nike Direct Operations retail stores in countries all over the globe. For example, there are Nike Direct stores in Canada. Nike receives CAD
There are Nike Direct Operations retail stores in countries all over the globe. For example, there are Nike Direct stores in Canada. Nike receives CAD from Canadian customers buying products in its Canadian stores. Then Nike translates CAD into USD for repatriation home. How does a strong USD (versus a weak USD) affect the value of the USD that is translated from CAD and, therefore, the value of Nike? Address mathematically, say with sales of CAD 20 million being translated to USD.
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