Quote:
Originally Posted by Enoch Root
There is no doubt that the Flames would hedge their currency exposure, like pretty much every cross-border business does. The only question would be how much? (many businesses hedge less than 100% of their exposed revenues)
The more interesting question is: does that impact HRR?
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The CBA states that HRR shall not include "Investments in, and the proceeds from investments in, currency contracts, equities, options, and other financial derivatives;" in Article 50.1 (b) (x) on page 242. So you're correct, hedging doesn't impact HRR.