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A Euro-based MNC will receive C$40 million in 3 months. Based on the following information, implement two hedging strategies for the MNC. Which hedging strategy

A Euro-based MNC will receive C$40 million in 3 months. Based on the following information, implement two hedging strategies for the MNC. Which hedging strategy would you recommend? Explain. Spot rate 0.9422/C$ 3-month forward rate 0.9440/C$ interest rate per annum 5.40% C$ interest rate per annum 4.71%

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