Make recommendation for euros

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Reference no: EM1378341

Hypothetically the United States has signed a agreement to sell 100,000 widgets to a corporation in Germany at five euro per widget. Payment is due six months from now. You expect the Euro to appreciate from the current $1/.85 euro within the next 6 months. I could borrow euros from the bank at 10% per year. What is your recommendation and why?

Reference no: EM1378341

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