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A. What is the business reason for China Noah's potential currency exposure? Does the company really need to subject itself to substantial exchange rate risk?

A. What is the business reason for China Noah's potential currency exposure? Does the company really need to subject itself to substantial exchange rate risk? Is the risk "material" to China Noah? Do you think
China Noah should hedge?
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Exhibit 3. China Noab Corporation's Cost of Goods Sold Composition China Noah's Bstimated Indonesian Sourcing Exposure 17,200,000 307 \$ 5,180,000 44,000 431,904,400,000 t3. 904 hillion ruswat

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