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You are considering a project in Venezuela that will be very profitable if the local currency (the Bolivar) appreciate against the $. If the Bolivar

image text in transcribed You are considering a project in Venezuela that will be very profitable if the local currency (the Bolivar) appreciate against the $. If the Bolivar depreciates, the project will result in losses. You forecast that the Bolivar will appreciate. The Bolivar's value historically has been very volatile. As a manager, would you be comfortable with this project? Explain in detail the pro and con of the project

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