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True or False? Suppose that a British firm has a $500,000 payable due in one year. If IRP is holding, the -value of the payable

True or False? Suppose that a British firm has a $500,000 payable due in one year. If IRP is holding, the -value of the payable using a forward hedge will be equal to the -value of the payable using a money market hedge.

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