Explain why the forward contract hedge was particularly selected for the following problem:
ParentCo has a firm commitment to purchase 2000 of Product X for $2.28/unit from OverSeas Inc. ParentCo is very concerned that the exchange rate will make an unfavorable change before the purchase takes place.
Your analysis should be 1 page in length and citing at least one scholarly source) and must be formatted according to theAPA format!