DEC hedges a SF 3.2 million payable due in 180 days. The current spot rate...
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DEC hedges a SF 3.2 million payable due in 180 days. The current spot rate is SF 1 = $0.18834 and the 180-day forward rate is SF 1 = $0.18725. If the spot rate at the end of 180 days is $0.18528, how much has the forward market hedge cost DEC? A) DEC gains $6,304 on the hedge B)$9,792 C)$6,304 D)$3,488
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