Question
This problem is completely separate from the prior one. US Parent German Subsidiary Chinese Subsidiary (US$) (euros, ) (yuan, ) Earnings AFTER taxes $3,500,000 2,500,000
This problem is completely separate from the prior one.
| US Parent | German Subsidiary | Chinese Subsidiary | |
| (US$) | (euros, ) | (yuan, ) | |
| Earnings AFTER taxes | $3,500,000 | 2,500,000 | 17,500,000 |
| Exchange Rate | $1.14/ | 6.89/$ |
Calculate consolidated earnings if the dollar depreciated 5% against both the euro and the yuan, relative to the exchange rates above.
An answer is $9,173,593.
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An Introduction To Financial Markets A Quantitative Approach
Authors: Paolo Brandimarte
1st Edition
1118014774, 9781118014776
