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Which is not an example of a cash flow hedge (and why)? a. A bet on competitor firms stock price. b. An interest rate swap

Which is not an example of a cash flow hedge (and why)?

a. A bet on competitor firms stock price.

b. An interest rate swap to convert variable rate debt (for which interest rate changes could change cash interest payments) into fixed rate debt.

c. A futures contract to hedge a forecasted sale.

d. A forward contract to hedge a forecasted purchase.

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