If the currency denominating a foreign bond depreciates against the firm's home currency, the funds needed to make coupon payments will increase.

Name: If the currency denominating a foreign bond depreciates against the firm's home currency, the funds needed to make coupon payments will increase.
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Question

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If the foreign currency depreciates against the firm's home currency, fewer units of the home currency are needed to make the same coupon payments, as the foreign currency is now cheaper.

If the Currency Denominating a Foreign Bond Depreciates Against the Firm's