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Aussie Biscuits Pty Ltd is an Australian company that sells a range of biscuits to the major supermarket chains in South East Asia. On 1 September the company invoiced a recent order from its Malaysian distributer totaling MYR 750,000 to be paid by bank transfer on 30 September.
As you are the finance manager of Aussie Biscuits you are worried that the recent significant appreciation of the Australian dollar may continue in the near future and you are considering whether this MYR position should be hedged or not.
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Recall that this step determines the amount that could be deposited today, to satisfy the education funding need
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Computation of various financial ratios from the given information and obtained from the accounting records of Hamberg Company at the end of its fiscal year
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