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10.35 On March 1, 1998, Bechtel submits a franc-denominated bid on a project in France. Bechtel will not learn until June 1 whether it has

10.35 On March 1, 1998, Bechtel submits a franc-denominated bid on a project in France. Bechtel will not learn until June 1 whether it has won the contract. What is the most appropriate way for Bechtel to manage the exchange risk on this contract

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