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Buckingham, Inc., a British corporation, owes Yank Inc., a U.S. corporation, $1 million due in two months. How can Buckingham hedge the exchange risk? A.

Buckingham, Inc., a British corporation, owes Yank Inc., a U.S. corporation, $1 million due in two months. How can Buckingham hedge the exchange risk? A. Sell pounds in the spot market. B. Buy pounds in the forward market. C. Sell dollars in the spot market. D. Buy dollars in the forward market.

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