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A U.S. Investor has borrowed pounds, converted them to dollars, and invested the dollars in the United States to take advantage of interest rate differentials.

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A U.S. Investor has borrowed pounds, converted them to dollars, and invested the dollars in the United States to take advantage of interest rate differentials. To cover the currency risk, the investor should Multiple Choice None of these choices are correct. buy dollars forward. buy pounds forward. sell pounds spot. sell pounds forward

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