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If you fear the pound will fall against dollar, with a resulting adverse change in the dollar value of the equity of your UK subsidiary,

If you fear the pound will fall against dollar, with a resulting adverse change in the dollar value of the equity of your UK subsidiary, you can hedge by

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selling pound forward in the amount of net assets

buying pound forward in the amount of net assets

reducing the liabilities of the subsidiary

buying pound forward in the amount of total assets

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