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Consider two U.S.-based firms, Mason Co. and Dayton Co. Suppose that each MNC has one tarpe foreign subsidiary that generates nearly half of the respective sales. Mason's subsidiary is located in Germany, where the value of the euro is stable. Dayton's subsidiary is located in Venezuela, where the value of the bolivar is highly volatile and subject to large bouts of depreciation is likely subject to more translation exposure than Consider two U.S.-based firms, Mason Co. an respective sales. Mason's subsidiary is located the value of the bolivar is highly volatile and s is likely subject to more transla Mason RE: 0/4 Dayton Consider two U.S.-based firms, Mason Co. and Dayton Co. Suppose that each MNC has one tarpe foreign subsidiary that generates nearly half of the respective sales. Mason's subsidiary is located in Germany, where the value of the euro is stable. Dayton's subsidiary is located in Venezuela, where the value of the bolivar is highly volatile and subject to large bouts of depreciation is likely subject to more translation exposure than Consider two U.S.-based firms, Mason Co. an respective sales. Mason's subsidiary is located the value of the bolivar is highly volatile and s is likely subject to more transla Mason RE: 0/4 Dayton

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