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Subsidiary A of Mega Corporation

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Subsidiary A of Mega Corporation has net inflows in Australian dollars of A$1,000,000, while Subsidiary B has net outflows in Australian dollars of A$1,500,000. The expected exchange rate of the Australian dollar is $.55. What is the net inflow or outflow as measured in U.S. dollars?

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International Finance
Subsidiary A of Mega Corporation has net inflows in Australian dollars of A$1,000,000, while ...

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