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  3. 1. for an unhedged u.s. firm that has borrowed in

1. for an unhedged U.S. firm that has borrowed in British Pounds, a favorable movement...

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Finance

1. for an unhedged U.S. firm that has borrowed in British Pounds, a favorable movement in the exchange rate is for the British Pound to appreciate in value over the life of the loan.

a. True

b. False

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