What would happen to Apple's valuation if the U.S. dollar were expected to depreciate against all other currencies, i.e., other currencies would buy more dollars per unit of the other currency? Pick one

Apple's valuation would decrease, since its profits would be less when converted to dollars.

Apple's valuation would not be affected.

Apple's valuation would decrease, since its production costs would increase when converted to dollars.

Apple's valuation would increase, since its production costs would decrease when converted to dollars.

Apple's valuation would increase, since its profits would be more when converted to dollars.