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Question 8. Please read the article Identifying, measuring, and hedging currency risk at Merck (Levant and Kearney, 1990). A copy of this article has been

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Question 8. Please read the article "Identifying, measuring, and hedging currency risk at Merck" (Levant and Kearney, 1990). A copy of this article has been uploaded to Canvas. Please provide brief (1-2 sentence) answers to the following questions. (i) Why does Merck hedge its currency risk? ii) How does Merck obtain its exchange rate forecasts? il) What instruments does Merck use to hedge, and how does it decide? Question 8. Please read the article "Identifying, measuring, and hedging currency risk at Merck" (Levant and Kearney, 1990). A copy of this article has been uploaded to Canvas. Please provide brief (1-2 sentence) answers to the following questions. (i) Why does Merck hedge its currency risk? ii) How does Merck obtain its exchange rate forecasts? il) What instruments does Merck use to hedge, and how does it decide

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