How would you define transaction exposure how is it, Financial Management

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How would you define transaction exposure how is it

a) How would you define transaction exposure? How is it different from economic exposure?

b) Should a firm hedge? Why or why not?

c) Explain the basic differences between the operation of a currency forward market and a futures market.

d) How would you define economic exposure to exchange risk?

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Financial Management: How would you define transaction exposure how is it

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