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Jill Inc. is going to receive 325,000 pounds in one month and uses the currency...

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Accounting

Jill Inc. is going to receive 325,000 pounds in one month and uses the currency option to hedge exchange rate risk. Which option contract and how many contracts should Jill buy? If the spot rate of pounds is $1.95 in one month, how many dollars will Jill receive? Why?

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