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  3. 3. australian vintage has a french subsidiary that

3. Australian Vintage has a French subsidiary that produces wine and exports to various European...

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3. Australian Vintage has a French subsidiary that produces wine and exports to various European countries. The French subsidiary remit its earnings to the parent company, Australian Vintage, each year. Explain how depreciation of the euro would affect Australian Vintage's valuation. (1 mark) 4. Nomura quotes bid-ask rates of 0.7688-0.7691/$ and 104.30-104.40/$. What would be Nomura's direct asking price of yen per Euro? (1 mark)

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