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Please explain 8.) Your US corporation has a CNY1,000,000 account payable due in 6 months. To hedge its currency contract rate is CNY6.60/$, and the

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8.) Your US corporation has a CNY1,000,000 account payable due in 6 months. To hedge its currency contract rate is CNY6.60/$, and the spot rate 6 months from today is CNY6.50/$. a.) Does your company make a payment or receive $ when the NDF contract is settled? b.) How much is the payment or receipt

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