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# Braoska Ine's German subsidiaryr has foreaasted earnings next year of 10 million. Assume that the current one-year forward rate for euros is $1.33,

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Braoska Ine's German subsidiaryr has foreaasted earnings next year of €10 million. Assume that the current one-yearforward rate for euros is $1.33, the same as the ain't-t spot rate. Further assume that the euro depreciates over theyear, so that the weighted average exchange rate is $1.30 over the year. How will the subsidiary,r earnings be translated? I”) a. $159 million If} in. $13.0 million .I‘"\l. k J a. $152 million If} :1. 513.3 million