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1. The Pack Corporation is a U.K. exporter that invoices its exports to the United States in USD. If it expects that the USD will

1. The Pack Corporation is a U.K. exporter that invoices its exports to the United States in USD. If it expects that the USD will appreciate against the pound in the future, should it hedge its exports with a forward contract? Explain. What alternative strategy (if any) can the company used to hedge her receivables?

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