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3. (10 points) Use financial hedge for a 65 million Brazilian Real purchase to be settled in 90 days if spot rate is BR 1.6250-1.6300/$
3. (10 points) Use financial hedge for a 65 million Brazilian Real purchase to be settled in 90 days if spot rate is BR 1.6250-1.6300/$ and interest rates are 3.7-3.8% in Brazil and 6-6.125% in US
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