5. Review annual reports and news about each of your U.S.-based MNCs to determine where it does most of its business and the foreign currency to which it is most exposed. Determine whether your U.S.-based MNCs stock performance is influenced by the exchange rate movements of the foreign currency (against the U.S. dollar) to which it is most exposed. Go to an appropriate website (there is a list of websites at the end of this document) and find out exchange rates. You can convert the foreign currency to which the MNC is most exposed into U.S. dollars and determine the exchange rate movements over the period (six weeks) in which you invested in the stock. Provide your assessment of the relationship between the currencys exchange rate movements and the performance of the stock over the investment period. Do you see the same or different relationship between exchange rate and stock price during last year? Attempt to explain the relationship that you just found.

Stocks are: Mckesson, Unitedhealth group, AstraZeneca (UK), and Novo Nordisk (Denmark) Stocks are: Mckesson, Unitedhealth group