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What position should xin take to eliminate foreign exchange

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Reference no: EM132960902

Problem 1: Xin is selling his transformer over the internet for C$500.00. An interested buyer says he is willing to pay 360 euro in six months. What position should Xin take to eliminate his foreign exchange exposure?

a) 500 long Canadian forward contract

b) 500 short Canadian forward contract

c) 360 long euro forward contract

d) 360 short euro forward contract

Reference no: EM132960902

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