Question: 5. Lookback (fixed and floating) option: Describe how this FX derivative works (long position). Show a payoff graph as well. b) In what circumstances is

 5. Lookback (fixed and floating) option: Describe how this FX derivative

5. Lookback (fixed and floating) option: Describe how this FX derivative works (long position). Show a payoff graph as well. b) In what circumstances is this derivative useful to an MNC for hedging FX risk exposures? 5. Lookback (fixed and floating) option: Describe how this FX derivative works (long position). Show a payoff graph as well. b) In what circumstances is this derivative useful to an MNC for hedging FX risk exposures

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