E8.17 Speculative Foreign Contracts Krispy Kreme Doughnuts, Inc. has franchises operating outside Lo6 the U.S. and invests in derivatives to hedge its foreign currency risk. Although it tries to hedge its vari- ous positions, on December 16, 2019, Krispy Kreme finds itself with the following unhedged forward contracts: E8.17 Speculative Foreign Contracts Krispy Kreme Doughnuts, Inc. has franchises operating outside Lo6 the U.S. and invests in derivatives to hedge its foreign currency risk. Although it tries to hedge its vari- ous positions, on December 16, 2019, Krispy Kreme finds itself with the following unhedged forward contracts