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Do not copy and paste your answers from internet sources. Would Oregon Co.'s real cost of hedging Australian dollar payables every 90 days have been
Do not copy and paste your answers from internet sources.
Would Oregon Co.'s real cost of hedging Australian dollar payables every 90 days have been positive, negative, or about zero on average over a period in which the Australian dollar strengthened consistently? What does this imply about the forward rate as an unbiased predictor of the future spot rate? Explain.
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