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A US firm has exported merchandise for one million pound, with an account receivable in three months in pound. If the firm wishes to do
A US firm has exported merchandise for one million pound, with an account receivable in three months in pound. If the firm wishes to do forward hedging to minimize its transaction exposure, the firm should:
a) sell one million pound 90-day forward in 3 months
B)buy one million pound 90-day forward in 3 months
C) sell one million pound 90-day forward now
D) buy one million pound 90-day forward now
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