3. IF THE DM/US$ EXCHANGE RATE WERE 2.4DM/US$ IN JANUARY 1986, WHAT WOULD BE THE ALL IN COST OF THE AIRCRAFT PURCHASE

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3. IF THE DM/US$ EXCHANGE RATE WERE 2.4DM/US$ IN JANUARY 1986, WHAT WOULD BE THE ALL IN COST OF THE AIRCRAFT PURCHASE

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3. IF THE DM/US$ EXCHANGE RATE WERE 2.4DM/US$IN JANUARY 1986, WHAT WOULD BE THE ALL IN COST OF THE AIRCRAFTPURCHASE UNDER EACH ALTERNATIVE? HOW MUCH WOULD THE COST BEUNDER EACH ALTERNATIVE IF THE EXCHANGE RATE WERE AT3.4DM/US$?
4. CONSIDER BOTH FULLY HEDGING THE COST ANDHEDGING EXACTLY ONE HALF OF THE COST. (WHY MAY YOU ONLY WANT TOHEDGE PART OF THE PURCHASE PRICE?).
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