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Your firm is a u. k.-based importer of bicycles. you have placed an order with an italian firm for €1,000,000 worth of bicycles. payment (in euro) is due in 12 months. use a money market hedge to redenominate this one-year receivable into a pound-denominated receivable with a one-year maturity. the following were computed without rounding. select the answer closest to yours. a.£803,721.49b.€800,000c.£780,312.1 3d.£72,352.94
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Your firm is a u. k.-based importer of bicycles. you have placed an order with an italian firm for €...
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