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If you want to be certain about the future U.S.-dollar value of a receivable denominated in Indian rupees and due in one year: Enter into

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If you want to be certain about the future U.S.-dollar value of a receivable denominated in Indian rupees and due in one year: Enter into a 12-month forward contract to buy rupees with dollars Enter into a 12-month forward contract to sell rupees for dollars. Buy a 12-month put option with an exercise price at today's spot price Buy rupees today at the current spot price

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