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1 0 . A company has entered into a cash - settled forward contract to sell 1 0 m poundsat $ 1 . 5 /

10. A company has entered into a cash-settled forward contract to sell 10m poundsat $1.5/pound. If the exchange rate at expiration is $1.75/pound, the companywill:A. Make a payment of 2.5m dollarsB. Receive a payment of 2.5 million poundsC. Make a payment of 10m pounds

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