Starbucks, a U.S. company, has a subsidiary in Argentina that sells coffee.All costs and revenues are in
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Starbucks, a U.S. company, has a subsidiary in Argentina that sells coffee.All costs and revenues are in Argentine pesos. Profits from the subsidiary are sent back to the parent company in the U.S.What would happen to the value of the subsidiary if the peso weakened, all else equal?
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