Suppose that your company will be receiving 30 million euros six months from now and the euro

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Suppose that your company will be receiving 30 million euros six months from now and the euro is currently selling for 1.4 Canadian dollars. If you want to hedge the foreign exchange risk in this payment, what kind of forward contract would you want to enter into?

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The Economics of Money Banking and Financial Markets

ISBN: 978-0321785701

5th Canadian edition

Authors: Frederic S. Mishkin, Apostolos Serletis

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