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What has occurred when Expanse obtained the right to purchase foreign currency at a specific price throughout the duration of next three months? a .

What has occurred when Expanse obtained the right to purchase foreign currency at a
specific price throughout the duration of next three months?
a. The company has purchased a foreign currency put option
b. The currency has devalued
c. The company has entered a forward contract.
d. The company has purchased a foreign currency call option
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