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1. A US firm has an account receivable for 1,000,000 pounds due in 180 days. Nontechnically describe hedging transactions (or a sequence of transactions) that

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1. A US firm has an account receivable for 1,000,000 pounds due in 180 days. Nontechnically describe hedging transactions (or a sequence of transactions) that the firm may want to undertake for each of the following hedging alternatives: Forward hedge Money market hedge Option hedge

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