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With regard to hedging translation exposure, translation losses _______; and gains on forward contracts used to hedge translation exposure _______. are not tax deductible; are

With regard to hedging translation exposure, translation losses _______; and gains on forward contracts used to hedge translation exposure _______.

are not tax deductible; are taxed

are tax deductible; are taxed

are not tax deductible; are not taxed

are tax deductible; are not taxed

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