Unperformed Contracts. Which contract is more likely not to be performed: a payment due from a customer

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Unperformed Contracts. Which contract is more likely not to be performed: a payment due from a customer in foreign currency (a currency exposure), or a forward contract with a bank to exchange the foreign currency for the firm’s domestic currency at a contracted rate

(the currency hedge)?

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Multinational Business Finance

ISBN: 9781292097879

14th Global Edition

Authors: David Eiteman, Arthur Stonehill, Michael Moffett

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