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When reading, a typical reader has about
British Pounds
The currency of the United Kingdom, used as a medium of exchange within the country and sometimes beyond.
Put Option
A financial contract that gives the holder the right, but not the obligation, to sell a specified amount of an underlying asset at a set price within a specific period.
Fair Hedge
A hedge that is accounted for at fair value, with changes in fair value recognized in earnings, to offset the exposure of an identified risk.
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