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Suppose you own a portfolio of British securities valued at $430,000. The exchange rate is currently at $1=0.57. A currency futures contract on British pounds

Suppose you own a portfolio of British securities valued at $430,000. The exchange rate is currently at $1=0.57. A currency futures contract on British pounds is set at 62,500 pounds. a. How many contracts must you purchase to protect your portfolio from exchange rate risk? b. Suppose 1 month after you purchase the contracts, the exchange rate changes to $1=0.59. What is your profit/ioss in USD

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