"Assume that Baton Rouge, Inc., expects to need S$1 million in 1 year. Using any relevant information in part (a) of this question, determine whether a forward hedge, a money market hedge, or a currency options hedge would be most appropriate. Then, compare the most appropriate hedge to an unhedged strategy, and decide whether Baton Rouge should hedge its payables position."

Madura, Jeff. International Financial Management, 12th Edition. Cengage Learning, 2015. VitalBook file.

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