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When the currency exchange market is very volatile, should MNCs utilise forward contracts rather than options contracts to reduce the currency exchange rate risk (assume

When the currency exchange market is very volatile, should MNCs utilise forward contracts rather than options contracts to reduce the currency exchange rate risk (assume that the exercise prices of forward and options contracts are the same)? When the currency exchange market is very stable, should MNCs utilise currency derivatives? Justify your answer.

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