Revision 1 Advanced Investment Appraisal
important component of treasury management. 4.3. Economic risk (Dec 12) 4.3.1 Economic risk is the . variation in the value of the business (i.e. the present value of future cash flows) due to . unexpected changes in exchange rates. It is the . long-term version of transaction risk. 4.4. Translation risk (Dec 12) 4.4.1 This is the risk that the ... ................
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