An Italian company exports goods to the USA and invoices its customer for US$526 000 payable in
Question:
An Italian company exports goods to the USA and invoices its customer for US$526 000 payable in August. It is now June.
Required:
(a) Set up the futures hedge.
(b) Calculate the hedge efficiency if, in August:
Spot EUR/USD 0.7210 – 0.7228.
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Related Book For 
Corporate Finance Theory And Practice
ISBN: 9781473758384
10th Edition
Authors: Steve Lumby, Chris Jones
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