International Finance Case
Foreign Exchange Valuation, International Parity Conditions, Forward FX Contracts, and Hedging FX Transaction Exposure
In early February 2013, Chris Malone was looking out of his office window in Houston, contemplating the future of the Australian dollar and the recommendation he would soon make to his company’s executive group. The company, Houston Marine Electronics, Inc. (HME), manufactures sonar equipment for private vessels. Malone had been the company’s Chief Financial Officer (CFO) for nearly 10 years.
Background
HME was founded in 1979 by William “King” Kennedy. A veteran of the U.S. Navy, Kennedy had an extensive background in sonar technology. HME was acquired in 2006 by Adventure ...
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