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Red Bike, Inc., a U.S. company, produces bikes and has no international business. Its major...

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Finance

Red Bike, Inc., a U.S. company, produces bikes and has no international business. Its major competitors import most of their bikes from Mexico and then sell them out of retail stores in the United States. How will Red Bike, Inc., be affected if the Mexican peso strengthens over time?

Red Bike is a local company and, therefore, will not be affected by a strong Mexican peso.

Red Bike is expected to be negatively affected by a strong Mexican peso.

Red Bike is expected to be favorably affected by a strong Mexican peso.

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