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44. Your firm has just sold some products to Canada. The importer promised to pay you three million CAD in one month. Two days ago
44. Your firm has just sold some products to Canada. The importer promised to pay you three million CAD in one month. Two days ago you have decided to hedge your risk using forward contracts. Using your copy of yesterdays WSJ, determine the net USD revenue from this sale. Do not round off numbers!
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