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A MNCs currency risk manager has just received a news alert that new Euro zone economic measures may lead to an expectation of depreciation in

A MNCs currency risk manager has just received a news alert that new Euro zone economic measures may lead to an expectation of depreciation in the value of the euro in the coming three months. The MNC has a 35,000,000 liability due in three months that it wants to hedge. Should the MNC buy or sell if it wants to hedge its euro exposure using any of the currency derivatives (forward, futures, options)?

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