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3. The Kohl Corporation is a U.S. exporter that invoices its exports to France in Euros. If it expects that the Euro will appreciate against

3. The Kohl Corporation is a U.S. exporter that invoices its exports to France in Euros. If it expects that the Euro will appreciate against the dollar in the future, should it hedge its exports with a forward contract? Explain. (3 points)

4.If the direct exchange rate of the euro is worth $1.25, what is the indirect rate of the euro? That is, what is the value of a dollar in euros? (3 points)

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