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Business, 27.03.2020 00:27 CalCDanG

Consider a U. S.-based MNC with a wholly-owned German subsidiary. Following a depreciation of the dollar against the euro, which of the following describes the conversion effect of the depreciation? Multiple Choice The cash flow in euro could be altered due a change in the firm's competitive position in the marketplace. A given operating cash flow in euro will be translated to a higher U. S. dollar cash flow. The cash flow in euro could be altered due a change in the firm's competitive position in the market place, and a given operating cash flow in euro will be translated to a higher U. S. dollar cash flow.

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