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Sally Sitter Co has to pay a French supplier 100,000 euros in 3 months time. The company's financial director wishes to avoid exchange rate exposure, and is looking at four options. Options 1 Do nothing for three months, then buy the euros at the spot rate. 2 'Lead' with the payment, and pay in full now, buying the euros at today's spot rate. 3 Buy euros now, put them on deposit for three months, and pay the debt with these euros plus accumulated interest. 4 Arrange a forward exchange contract to buy the euros in three months time. Which of these options would provide cover against exchange rate exposure? A. Options 1, 2, 3 and 4. B. Options 4 only. C. Options 2, 3 and 4. D. Options 3 and 4. |