What Does It Mean to Have Redenominated an Asset in Terms

question 20

Multiple Choice

What does it mean to have redenominated an asset in terms of the dollar?

• A)You have undertaken a hedging strategy that gives the asset a constant dollar value.
• B)Multiply the foreign currency value of the asset by the spot exchange rate.
• C)Undertaken accounting changes to eliminate translation exposure.
• D)None of the above