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    International Finance

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    18. Black & Decker Manufacturing Co. of Towson, Maryland, has roughly 45% of its assets and 40% of its sales overseas. How does a soaring dollar affect its profitability, both at home and abroad?

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    ANSWER. Black & Decker has a rough balance between foreign sales and costs. Thus, as the dollar appreciates, both its sales revenue and its costs decline approximately in line with each other. This means that ...

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