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Shares of multinational firms are often cross-listed in stock markets in several countries. What are the benefits of cross-listing to firms? Explain how forwards or

Shares of multinational firms are often cross-listed in stock markets in several countries.  What are the benefits of cross-listing to firms? Explain how forwards or futures contracts can be used to hedge currency risk for international equity investments.  Why is hedging currency risk more challenging with international equities as opposed to international bond investments?

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