Question
What does it mean to be exposed to FX? Why is FX important to a firm (think in terms of accounts receivable and accounts payable)?
What does it mean to be "exposed" to FX? Why is FX important to a firm (think in terms of accounts receivable and accounts payable)? Explain what the spot rate is and how it works?
What is the forward rate and what is it based on?
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Finance Applications And Theory
Authors: Marcia Millon Cornett, John R. Nofsinger, Troy Adair
3rd International Edition
1259252221, 9781259252228
