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Lockheed Martin exports jets to the British government, and the order is denominated in British Pounds. The delivery will be made in one year from
Lockheed Martin exports jets to the British government, and the order is denominated in British Pounds. The delivery will be made in one year from the date of order. Upon receipt of shipment the payment will be made in British pounds. Which of the following is the most appropriate statement with regard to currency exposure faced by Lockheed Martin?
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