This preview shows page 1. Sign up to view the full content.
Unformatted text preview: subsidiary. Thus, if the foreign currency depreciates, the translation loss will be somewhat offset by the gain on the short position created by the forward contract....
View Full Document
This note was uploaded on 12/08/2011 for the course FSNA 415 taught by Professor Chengruhu during the Fall '11 term at SUNY Canton.
- Fall '11