What was the net impact on Keefer Companys Year 1 income as a result of this fair
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What was the net impact on Keefer Company’s Year 1 income as a result of this fair value hedge of a firm commitment?
a. $0.
b. An $860.60 decrease in income.
c. A $1,100.00 increase in income.
d. A $1,960.60 increase in income.
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