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Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 8-1
Exhibit 8.1 Conceptual Comparison of Transaction, Operating, and Translation Foreign Exchange Exposure
Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 8-2
Exhibit 8.2 Impact of Hedging on the Expected Cash Flows of the Firm
Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 8-3
Exhibit 8.3 The Life Span of a Transaction Exposure
Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 8-4
Exhibit 8.4 Valuation of Cash Flows by Hedging Alternative for Trident
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Exhibit 8.5 Trident’s Hedging Alternatives, Including an ATM Put Option
Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 8-6
Exhibit 8.6 Valuation of Hedging Alternatives for an Account Payable
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Exhibit 8.7 Bank of America Corporate FX Risk Management Survey Results
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Mini-Case Lufthansa 1985–1986: What Herr Ruhnau Could and Could Not See
