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Clare is a portfolio manager for a US hedge fund based in New York. She heard recently that Apple is looking to issue a fixed

Clare is a portfolio manager for a US hedge fund based in New York. She heard recently that Apple is looking to issue a fixed coupon 5 years corporate bond in UK in GBP. She is interested in buying this bond, but she is worried that the FED may hike rates which will strengthen the dollar against all the other currencies. What would you advise Clare to do to hedge these risks if she goes ahead and buys the Apple bond? (500 words)

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