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Assume a U

Question 50

Multiple Choice

Assume a U.S.-based subsidiary wants to raise $1 million by issuing a bond denominated in Pakistani rupees (PKR) . The current exchange rate of the rupee is $.02. Thus, the MNC needs ____ rupees to obtain the $1 million needed.


A) 50,000,000
B) 20,000
C) 1,000,000
D) None of these are correct.

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