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Firm G (U.S. based) needs to make an investment of EUR 8,384,500 in November as part of the funding for a project in France. The

Firm G (U.S. based) needs to make an investment of EUR 8,384,500 in November as part of the funding for a project in France. The spot exchange rate is EUR/USD 1.1018. Suppose the firm wants to hedge the exchange rate risk with futures contracts. What futures position should Firm G take to hedge the risk? A. buy futures contracts (long position) O B. sell a futures swap (short position) O C. buy a futures swap (long position) O D. sell futures contracts (short position)

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