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QUESTION
Characterize how Porsche's Euro cash flows, net of variable costs, obtained from its North America sales depend on the spot exchange rate that...
2. Characterize how Porsche's Euro cash flows, net of variable costs, obtained from its North America sales depend on the spot exchange rate that prevails at the end of November 2009, if: b. Porsche hedge by selling forward US$ equal to the amount of expected 2009 sales with two-year forward contract
