=+$1.21/e. Put and Call options on euro, with an exercise price of $1.22/e are selling for $0.03/e
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=+$1.21/e. Put and Call options on euro, with an exercise price of $1.22/e are selling for $0.03/e and $0.01/e, respectively.
(a) Explain how Bloomingdale’s can hedge the foreign exchange risk to which the contract with the French fashion house exposes it.
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