Exposure to September 11 If you were a U.S. importer of products from Europe, explain whether the
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Exposure to September 11 If you were a U.S. importer of products from Europe, explain whether the September 11, 2001, terrorist attacks on the United States would have caused you to hedge your payables (denominated in euros)
due a few months later. Keep in mind that the attack was followed by a reduction in U.S.
interest rates
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