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Suppose your company will be receiving 6 0 million euros six months from now and the euro is currently selling for 1 euro per dollar.

Suppose your company will be receiving 60 million euros six months from now and the euro is currently selling for 1 euro per dollar. If you want to hedge the foreign exchange risk in this payment, what kind of forward contract should you enter into? Assume that the forward exchange rate is equal to the current spot rate.
To completely hedge the foreign exchange risk in this payment, you should enter into a forward contract where you agree to 60 million euros six months from, now in exchange for $ million
(Type an integer or a decimal. Do not round.)
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