Business, 10.03.2020 04:31 aliami0306oyaj0n
Severus Co. has to pay 5 million Canadian dollars for supplies it recently received from Canada. Today, the Canadian dollar has appreciated by 2 percent against the U. S. dollar. Severus has determined that whenever the Canadian dollar appreciates against the U. S. dollar by more than 1 percent, it experiences a reversal of 40 percent of that change on the following day. Based on this information, the Canadian dollar is expected to tomorrow, and Severus would prefer to make payment .
Answers: 3
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Severus Co. has to pay 5 million Canadian dollars for supplies it recently received from Canada. Tod...
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