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In order to answer the next few questions (14-24), consider the following scenario. Your company has sold some parts to a French distributor. Your fi

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In order to answer the next few questions (14-24), consider the following scenario. Your company has sold some parts to a French distributor. Your fi will receive 25 million euros in 60 days. The euro spot rate is 1.1060 S/euro, and currently you can enter into a future contract at 1.1101 S/euro. Note, euro futures and options are for 125,000 euros per contract. What exchange rate would you face if the euro depreciates 10% (to 4 decimal places)? QUESTION 15 What is the exact dollar value of your receivable if there is no change in the spot exchange rate in the next 60 days? QUESTION 16 What is the exact doftar value of your receivable if the euro depreciates by 10% in the next 60 days QUESTION 17 How many futures do you want to buy or sell to hedge your exposure Enter the number of contracts you would buy or sell as a positive or negative number

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