Question 298 in BPP Exam kit - why does the receipt not need to be hedged?
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Money Market Hedging
That is, the receipt of 500,000 in 6 months.
In the solution, only the 300,000 payment was hedged.
I would have thought the net amt would have been hedged.
5y ago#2The receipts is in dollars and PGT has the dollar as its home currency. There is no exchange rate risk for the payment.
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