Question: Question 38 2.5 pts A Mexican multinational company has net exposed assets of US$ 1,000,000. If the spot rate changes from MXN 20/$ to MXN

Question 38 2.5 pts A Mexican multinational company has net exposed assets of US$ 1,000,000. If the spot rate changes from MXN 20/$ to MXN 22/$, what is the translation gain/loss due to this change in spot rates to the Mexican multinational company? -Mex$ 2,000,000 (loss) Mex$ 2,000,000 gain) -$ 2,000,000 (loss $ 2,000,000 (gain)

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