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Which of the following could reduce the present value of a foreign subsidiary's future cash flows that will ultimately be received by the parent? a.

Which of the following could reduce the present value of a foreign subsidiary's future cash flows that will ultimately be received by the parent?

a. appreciation of the local currency

b. higher withholding taxes imposed by the host government

c. a stronger economy of the host country

d. a reduction in the parent's cost of capital

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