Business, 12.04.2021 23:30 timmonskids2681

California Co must pay 15 million Mexican pesos by tomorrow, in exchange for supplies that it has agreed to purchase from a supplier in Mexico. The peso appreciated today against the dollar by 5 percent. Using time series data of past currency fluctuations, California observes whenever the peso appreciates against the dollar by more than 1 percent, then the peso tends to appreciate again by about 60 percent of the change on the following day. Given the results of the forecasting by Califomia Co, the firm will most likely decide to

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