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Business, 09.12.2019 21:31 dorafacegirl

On december 1, 2013, keenan company, a u. s. firm, sold merchandise to velez company of canada for 150,000 canadian dollars (cad). collection of the receivable is due on february 1, 2014. keenan purchased a foreign currency put option with a strike price of $.97 (u. s.) on december 1, 2013. this foreign currency option is designated as a cash flow hedge. relevant exchange rates follow:

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On december 1, 2013, keenan company, a u. s. firm, sold merchandise to velez company of canada for 1...

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