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3. (Ch. 11) Comparison of Techniques for Hedging Payables. Kiwi Corp. has future payables of NZD 3,000,000 (NZD: New Zealand dollar) in one year. It

3. (Ch. 11) Comparison of Techniques for Hedging Payables. Kiwi Corp. has future payables of NZD 3,000,000 (NZD: New Zealand dollar) in one year. It must decide whether to use options or a money marke...

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