All of the following may qualify as hedges, except for a(n): financial guarantee contract. future to sell soy beans. put option to sell foreign currency. forward contract to purchase a foreign currency. All of the following are examples of a cash flow hedge, except for a(n): interest rate swap converting a fixed rate to a floating rate. interest rate swap converting a floating rate to a fixed rate. hedge of a receivable denominated in Euros. hedge of a net investment in a foreign subsidiary. U.S. GAAP hedge accounting rules permit hedging of these market risks, except for those associated with changes in: fair value of the hedged item. future cash flows associated with the hedged item. benchmark interest rates. insurance rates