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Chapter 11: Your firm is an Italian importer of British bicycles. You have placed an order with a British firm for 200,000 worth of bicycles.

Chapter 11:

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Your firm is an Italian importer of British bicycles. You have placed an order with a British firm for 200,000 worth of bicycles. Payment (in pounds sterling) is due in 12 months. Compute the obligations of the Italian importer using: 1. A forward hedge 2. A money market hedge

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