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Suppose that your (American) firm has expected revenue in chinese yuan (CNY) of 255 million CNY every 6 months. If the 6-month forward/futures exchange rate
Suppose that your (American) firm has expected revenue in chinese yuan (CNY) of 255 million CNY every 6 months. If the 6-month forward/futures exchange rate is CNY 6.76/$, describe a forward or futures contract that could hedge your currency transaction risk over the next 6 months
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