【单选题】S. firm has an asset in Britain whose local currency price is random. For simplicity, suppose there are only three states of the world and each state is equally likely to occur. The future local curre...
A.
The firm faces no exchange rate risk since the local currency price of the asset and the exchange rate are negatively correlated.
B.
The firm faces substantial exchange rate risk since the local currency price of the asset and the exchange rate are positively correlated.
C.
The firm's exchange rate exposure can be completely hedged with derivatives written on the British pound.
D.
Since randomness is involved, no hedging is possible.
【简答题】In the U.S. system, there are no general statutory requirements for the regular issuance of audited financial statements. Companies in the U.S. are established under state law, not federal law, and ea...
【单选题】The following paragraph is incomplete. Choose the best sentence to make it complete. Even though Arizona and Rhode Island are both states of the U.S., they are strikingly different in many ways. For e...
A.
The two states also differ in the kinds of natural environments that each has.
B.
The two states are very similar in natural environments.
C.
The two sates provide different environments for tourists.