How will Yum! Brands and WalMart Be Impacted by a Change in the Yuan Exchange Rate

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The writer looks at two companies that undertake trade to China, Yum! Brands export to China and repatriate profits where as WalMart purchase goods from China. The way both firms would be influenced financially if the currency depreciated or appreciated is discussed, as well as the potential use of hedging to reduce risk. Three sources are cited in the bibliography of this six page paper.