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A U.S. company has a forward sale contract for delivery of euros at the end of May at a price of $1.24/. The U.S. dollar

A U.S. company has a forward sale contract for delivery of euros at the end of May at a price of $1.24/. The U.S. dollar strengthens against the euro during this period. The company will: Select one: o A. Not exercise the forward sale contract B. Continue to hold the forward contract after the end of May o o C. Gain on the forward sale contract D. Lose on the forward sale contract

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