苹果公司套期保值分析名 原创.pptVIP

Apple -Achievements of science and technology;Apple Survey;Steve Jobs ;Apple Products --iPod;Apple Products --iPhone;Apple Products --Mac;Apple Products --iPad;Apple Value-added services --iTunes;06-10 years, total assets ;Apples revenue ;Stock price trends （2001-2010）Comparative income statement analysis;Summary;Assess the foreign exchange risk exposure of Apple;Assess the foreign exchange risk exposure of Apple;Assess the foreign exchange risk exposure of Apple;What hedging policy does Apple use to control foreign exchange risk?;Three Types of Exposure;Several methods for hedging the three exposures;What hedging policy does Apple use to control foreign exchange risk?;Assessment of Cash flow hedge;Assessment of Foreign currency instruments; September 25, 2010 September 26, 2009 Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,690 $ 1,139 Money market funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,753 1,608 U.S. Treasury securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,571 289 U.S. agency securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,916 273 Non-U.S. government securities . . . . . . . . . . . . . . . . . . . . . . . . 10 0 Certificates of deposit and time deposits . . . . . . . . . . . . . . . . . . 374 572 Commercial paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,889 1,381 Corporate securities . . .