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Assume a U.S. firm uses a forward contract to hedge all of its translation exposure. Also assume that the firm underestimated what its foreign earnings would be. Assume that the foreign currency depreciated over the year. The firm would generate a translation ____, which would be ____ than the gain generated by the forward contract.
Med-Arb
A hybrid dispute resolution process combining elements of both mediation and arbitration to resolve disputes more efficiently.
Neutral Third Party
An unbiased individual or group engaged to mediate, arbitrate, or resolve disputes between two parties without a stake in the outcome.
Mediator
A neutral third party who assists disputing parties in resolving conflict through facilitated dialogue, without issuing a binding decision.
Arbitrator
A neutral third party selected to resolve disputes between two or more parties outside of the court system.
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