Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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JAPEX, a Japanese company with extensive oil related operations in Oman sends the profits it generates in Oman every month to On an average the company converts 2 million Rials into dollar and then into yen every month for transmission to Japan. Japex finance manager is worried about the extreme fluctuations in the dollar – yen rate. Write in only one sentence, how Japex can stabilize its cash flows ?
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