Question: FX hedging is generally seen as creating value because: a. The expected value of a hedge in and of itself is positive. b. FX hedging

FX hedging is generally seen as creating value because: a. The expected value of a hedge in and of itself is positive. b. FX hedging allows a firm to speculate. c. FX hedging reduces financial distress costs. d. The expected value of as hedge in and of itself is negative.

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