A multinational corporation has purchased a manufacturing plant in a foreign country with an exchange rate of $. 3435 of the foreign currency equaling one US dollar, for a total cost of US$12,500,000. Soon after the purchase, the countries, leader ship orders that the plants be nationalized and mandates of the MNC seller plant at a discounted exchange rate of $. 2241. How much in US dollars for the MNC lose on the transaction?

Answer rating: 100% (QA)

To calculate the loss for the multinational corporation MNC on the transaction we need to determine ... View the full answer