1- (5 points) List the risks that corporations face and how do they manage these risks? It is preferable if you explain which risks that a corporation face depending on its industry.

2- (5 points) Assume you purchase a put option contract (100 shares) for a price of 6.40 (each stock) for Microsoft (MSFT) that expire on August 12,2022 with the strike price of $285 on August 4, 2022. Look at the current price and fully explain whether you will exercise or not.