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6. Forward hedging: As exporter to UK, you will receive 50,000 GBP in 3-months. If the 3-month forward rate is 1.24 USD / GBP, describe

6. Forward hedging: As exporter to UK, you will receive 50,000 GBP in 3-months. If the 3-month forward rate is 1.24 USD / GBP, describe your hedging strategy with this forward contract. How many USD will you receive by using the hedging strategy?

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