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Hi
I have a doubt regarding the Washi Co qn.
In examiners answer they have used the bid rate of 0.70 ARD/1JPY from the cross rate of 0.7-0.74 ARD/1 JPY for both the investment and for cash inflows.In my knowledge here we use the 0.75 calculated from 0.7 for investments and can use the rate of 0.74 (and extrapolate for 4 yrs using PPP) for cash inflows because they are receivables. Am i missing something here or is this an assumption made by the examiner.
Pls help….
What you are saying is correct and the examiner should have used different rates for the inflows from the outflows,
So i can follow my method if a qn like this arises. Thank you so much for clearing this sir. ??
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