If the appreciates to 085 what is the impact on the firms
A US firm's UK subsidiary pays £100,000 in yearly interest expense. The US income tax rate is 35 percent and the spot exchange rate is £0.75/$. If the $ appreciates to £0.85/$, what is the impact on the firm's interest expense after taxes?
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a us firms uk subsidiary pays pound100000 in yearly interest expense the us income tax rate is 35 percent and the spot
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