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Assume a U.S. MNC is bidding on a project in a foreign country and is unsure whether their bid will be accepted. This creates a

Assume a U.S. MNC is bidding on a project in a foreign country and is unsure whether their bid will be accepted. This creates a contigent exposure for the firm in that foreign currency. The best hedge for a contigent exposure would be...

		forwards.
		futures.
		options.
		currency swaps.

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