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You manage the cash for a large multinational industrial enterprise. As a result of credit sales on 90-day payment terms, you have a large claim
You manage the cash for a large multinational industrial enterprise. As a result of credit sales on 90-day payment terms, you have a large claim against a customer in Mexico City. You have heard rumors of the possible devaluation of the Mexican peso. What actions, if any, can you take to protect your firm against the consequences of a prospective devaluation? Please answer by writing 3 paragraphs.
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