国际财务管理课后习题答案chapter 8.docx

ＣHAPTＥR８ＭANAＧEＭENTOFＴRANSＡCTIＯＮＥXPOＳＵRE

ＳUGGESTEDANSＷＥRSＡＮDSOLUTＩOＮＳＴOENＤ-OＦ－ＣHAPＴEＲQUESTIONＳANDPROBＬEMＳ

QUESTIＯＮS

1、Ｈoｗwouｌdyoudｅｆｉnetransactioneｘｐosuｒｅ?Howisitｄifｆeｒenｔfroｍeconomicexpoｓure?

Answer:Tranｓactionｅxpoｓureisｔheseｎsitｉviｔyofreａｌizeddomeｓｔicｃurrencyvalｕesoftｈefｉrm’ｓcｏntractuaｌｃashflowsdeｎｏmiｎatedinforeｉgncurrenciｅstounexpectｅdcｈａngesinexcｈangｅrateｓ、Unlikeeｃｏnｏｍicｅｘpｏsure,transactｉｏnexposuｒｅｉsｗｅll-dｅfinｅdａｎdshort-ｔｅrm、

2、Discussaｎdpareheｄｇｉnｇtransactionｅｘpｏｓureｕsingｔhｅforｗardｃｏntractvs、moｎeyｍａｒketinsｔrｕmenｔ