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Pettro Intl., a U.S. firm exports products to Britain and the invoices are denominated in British pounds. Assume that the forward rate and spot rate

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Pettro Intl., a U.S. firm exports products to Britain and the invoices are denominated in British pounds. Assume that the forward rate and spot rate of the pound are the same. If Pettro expects the pound to against the dollar, it would likely wish to hedge. It could hedge by _ pounds forward. depreciate; buying depreciate; selling appreciate; selling appreciate; buying

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