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Spot rate = BP 0.7835/US$; 3-month forward rate = BP 0.7903/US$. Global Company is expecting an income of BP 100 million in 3 months. If

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Spot rate = BP 0.7835/US$; 3-month forward rate = BP 0.7903/US$. Global Company is expecting an income of BP 100 million in 3 months. If the firm hedges this transaction using forward contracts now, what is the US$ amount it will receive in three months? (Ignore transaction costs) US $78.35 million US$127.63 million US$126.53 million US $79.03 million

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