Finance question, Risk Management

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Suppose you are running an international business and are concerned about converting foreign currencies (the Euro in particular) back into U.S. dollars in September.
A) What position should you take today (note your date and value) in order to protect the September conversion ratio?
B) Suppose you took 2 contracts at today’s price (again, note your date and value), detail the impact to your account value if the spot price settles at $1.4000 per Euro in September.
C) Are you happy with this result? Why is it acceptable? (on a profit/loss basis) Why is it unacceptable? (on a profit/loss basis

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