Assume a U

question 30

Multiple Choice

Assume a U.S.-based subsidiary wants to raise $1,000,000 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 $1,000,000 needed.

• A) 50,000,000
• B) 20,000
• C) 1,000,000
• D) none of the above

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