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In the case application, Exchange Risk Management at Merck, Merck considered the alternative of financial hedging. Which of the following steps was not used by

In the case application, Exchange Risk Management at Merck, Merck considered the alternative of financial hedging. Which of the following steps was not used by Merck for financial hedging?

Multiple Choice

Exchange forecasting and hedging rationale

Assessing strategic plan impact and financial instruments

Hedging program

none of the options

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