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êµ­ì �ì�¬ë¬´(ë§�무&e - Chapter 8....

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Unformatted text preview: Chapter 8. - Management of Transaction Exposure 2004027856 &#2; 2005028391 &#2; 2005028421 &#2; v Airbus S.A.S Toulouse( ) & *H P3 Airbus S.A.S Introduction v 1970 , & 7 &#16; @ @ @KD ) Airbus Industrie ` v 1972 , A300 K v 1981 , A320 &+ J D @ v 2001 , Airbus S.A.S 1 * v 2002 , A380 1 * v 2006 , A350 1 * v , Airbus S.A.S , x( 52,000 x( AE v 90 , Airbus Industrie + JD K EADS 1 * Airbus S.A.S Introduction Airbus S.A.S Introduction v & A400 81 * 6 $30,000,000 @K D 7@ + Airbus Dollar Exposure v 8 : $1.05/ C 6 * : $1.10/ C & : C 0.95/$ : C 0.02/$ 6 8 * : 2.5% (Euro) < 3% (U.S) C Premium Solution 1. Compute the guaranteed euro proceeds from the American sale if Airbus decides to hedge using a forward contract. $ 30,000,000 X = C 27,272,727 6 * $30,000,000 6 & v $ 1.10 C ( &#244;& + * H 6 ?) 2. If Airbus decides to hedge using money market instruments, what action...
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This note was uploaded on 10/28/2009 for the course BUSINESS 112 taught by Professor Kang during the Spring '09 term at Hanyang University.

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êµ­ì �ì�¬ë¬´(ë§�무&e - Chapter 8....

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