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thenamehobbs thenamehobbs
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Suppose you own a portfolio of British securities valued at about $500,000. The exchange rate is currently at $1 = £0.66. A currency contract on British pounds is set at 62,500 pounds. How many contracts must you purchase to protect at least 90% of your portfolio from exchange rate risk?

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Textbook 

Fundamentals of Investing


Edition: 14th
Authors:
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lulllull
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