How can the chinese exporter hedge payable

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A Chinese-based exporter of electronic parts will receive $1,500,000 (based on the contract)from a U.S. importer in one year. The spot exchange rate is ¥6.84/$1. The interest rate in China is 5% and in the US it is 3%. How can the Chinese exporter hedge this payable?

Reference no: EM132623566

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