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b) Style Co. is a big abaya producer in Saudi Arabia. The company actively exports its clothes over the countries and uses the Euro as
b) Style Co. is a big abaya producer in Saudi Arabia. The company actively exports its clothes over the countries and uses the Euro as a functional currency for international business. Regardless of exchange rate risk, the company has never planned to hedge its exports. Recently, the company has received an order for dates to be delivered next month, which is invoiced for 15 million Euros. Based on the information in the above table, calculate the payoff the company may receive from exports in Saudi Riyals if the company now decides to hedge its export using a forward contract. b) Style Co. is a big abaya producer in Saudi Arabia. The company actively exports its clothes over the countries and uses the Euro as a functional currency for international business. Regardless of exchange rate risk, the company has never planned to hedge its exports. Recently, the company has received an order for dates to be delivered next month, which is invoiced for 15 million Euros. Based on the information in the above table, calculate the payoff the company may receive from exports in Saudi Riyals if the company now decides to hedge its export using a forward contract
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