個案資料
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Acpana Business Systems Inc.: Effect of Currency Exposure on Revenue
內容大綱
The vice president of operations for Acpana Business Systems Inc., a Canadian software development and backup-as-a-service provider located in Toronto, Canada, is concerned that the recent appreciation of the Canadian dollar is significantly affecting Acpana’s revenue and undermining the company’s organic growth. The case focuses on understanding and quantifying the risks associated with exchange rate fluctuation and its impact on a firm’s revenues and costs. The case introduces instruments available to hedge risk, including forward contracts and put and call options.
學習目標
This case is intended for an introductory finance class or as an early case in a class on derivatives or international finance. No prior knowledge of options and forward contracts is needed to use the case.