A company enters a forward exchange contract to hedge a USD receivable.

Assuming that the receivable is measured at fair value, what is the required

measurement of the forward exchange contract if the entity accounts for this as

a fair value hedge under PFRS 9 Financial Instruments? Select which one of the

following is correct.

a. cost

b. any of the above

c. lower of cost and fair value

d. any of the above

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