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You owe 1 0 million. The spot is $ 1 . 1 / and over last year, ranged from $ 1 . 0 5 -

You owe 10 million. The spot is $1.1/ and over last year, ranged from $1.05- $1.15.You assume that this is a reasonable range for the next year. In this case, you are worried that the euro willA. Depreciate to$1.05B. Appreciate to$1.15C. Stay unchanged

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