Why is the threat of devaluation an insufficient reason for a firm to build up its stocks

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Why is the threat of devaluation an insufficient reason for a firm to build up its stocks of inventories?

Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing...
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International Financial Management

ISBN: 978-0132162760

2nd edition

Authors: Geert Bekaert, Robert J. Hodrick

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