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A U.S. investor has borrowed dollars, converted them to pounds, and invested in pound-denominated instruments. To cover the currency risk, the investor should A. sell

A U.S. investor has borrowed dollars, converted them to pounds, and invested in pound-denominated instruments. To cover the currency risk, the investor should

A. sell pounds forward.

B.buy dollars forward.

C. buy pounds forward.

D. sell pounds spot.

E. None of these choices are correct.

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