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Suppose a US importer is scheduled to pay a supplier 170,000 Turkish lira 60 days from today. She can remove the risk of financial loss
Suppose a US importer is scheduled to pay a supplier 170,000 Turkish lira 60 days from today. She can remove the risk of financial loss due to an appreciation of the Turkish lira between today and 60 days from now by buying a forward contract in which she agrees to buy 170,000 Turkish lira 60 days from now
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International Marketing And Export Management
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
8th Edition
1292016922, 978-1292016924
