Question: Identify whether the following create substantial transaction, operating, and / or translation exposure (or not exposure at all) for U.S. company, and how the company

Identify whether the following create substantial transaction, operating, and / or translation exposure (or not exposure at all) for U.S. company, and how the company will be affected if the foreign currency depreciates. the example will typically create more than one type of exposure.

IBM issues Swiss franc-denominated bonds in Zurich.

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