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You are the VP and Treasurer of a sizeable multinational firm. Assume that your general approach to hedging the Company's transaction risks is to do

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You are the VP and Treasurer of a sizeable multinational firm. Assume that your general approach to hedging the Company's transaction risks is to do nothing. However you do, from time to time, like to play the market a little with the firm's surplus cash and speculate on anticipated moves in currencies. One of those is the British Pound, which you truly expect to depreciate against the US Dollar in the next six months. What investment (or set of investments) might you consider in order to take advantage of this expectation? a. b. What is the rationale for your selection

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