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Question: Your company invested $540,000 U.S in purchasing real estate in Argentina. The peso exchange rate at the time of the transaction was 1 peso = $0.2484. If the Argentinean peso is subsequently devalued to $0.2186, what would the loss in U.S.dollars because of currency fluctuation.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M92795961

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