Solution-How many rupees does the company need to raise

How many rupees does the company need to raise

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Reference no: EM132953402

A U.S.-based subsidiary wants to raise $6.5 million by issuing a bond denominated in Pakistani rupees (PKR). The current exchange rate of the rupee is $.0065.

(1) How many rupees does the company need to raise the $6.5 million needed?

(2) A year later, the exchange rage of the rupee is expected to be .0063. During this period, is the rupee expected to appreciate or depreciate against the dollar? Explain.

Reference no: EM132953402

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How many rupees does the company need to raise

Reference no: EM132953402

Reference no: EM132953402

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