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A U.S. company expect to receive 125,000 in June next year from its British customer and wish to sell the pounds once received. Today a

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A U.S. company expect to receive 125,000 in June next year from its British customer and wish to sell the pounds once received. Today a June pound futures contract is available at $1.35/. To hedge the exchange rate risk, the company should take a position in case the pound long; appreciates against the dollar O long; depreciates against the dollar short; appreciates against the dollar short; depreciates against the dollar

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