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I have just finished my AFM exam today. In hedging for currency question information that there is receivable to be hedged. I misunderstand the question that there is a payable.
In case that my calculation (in choosing rate, type of option) and discussion is reasonable for a payable. Could I gain any mark for this question.
Almost certainly you will still get some marks. The marks are mainly for the workings rather than for the final answer.