A us firm sells merchandise today to a british company for, Ask an Expert

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A U.S. firm sells merchandise today to a British company for £150,000. The current exchange rate is $1.55/£ , the account is payable in three months, and the firm chooses to avoid any hedging techniques designed to reduce or eliminate the risk of changes in the exchange rate. If the exchange rate changes to $1.58/£ the U.S. firm will realize a gain of ________.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92320711

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