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One of your corporate banking customers is a large Jamaican firm importing grains from the United States. Your customer agreed to make a payment in

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One of your corporate banking customers is a large Jamaican firm importing grains from the United States. Your customer agreed to make a payment in dollars, and is scheduled to pay $377,287 in 90 days. The following exchange rates and interest rates are quoted: a. Describe the nature and extent of your customer's transaction foreign exchange risk. ( 2 marks) 5 b. Explain two ways your customer hedge the risk. ( 3 marks) c. Which of the alternatives in part b is superior(show calculations)

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