Question: Forward Contract : The Wolfpack Corp. is a U.S. exporter that invoices its exports to the United Kingdom in British pounds. If it expects that

Forward Contract: The Wolfpack Corp. is a U.S. exporter that invoices its exports to the United Kingdom in British pounds. If it expects that the pound will depreciate against the dollar in the future, should it hedge its exports with a forward contract and how to hedge (purchase or sell forward contract?)? What if it expects pound to appreciate against dollar in the future? Explain.

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