As risk manager for EXPO corporation, you are assessing the firms various risk exposures to include in a regular semi-annual report to upper management. EXPO is a medium-size import/export firm located in Norwich, United Kingdom. Its primary sources for imports, which it sells in the UK and Eurozone, are located in China and Vietnam. It has customers throughout the world, but more than half of its exports go to the Africa. EXPO customarily borrows to cover funds tied up in exports. Further, EXPO has recently launched its own online B2B (Business-to-Business) platform. Question: combined with this case, identify seven types of risk exposures you should report and provide a brief explanation for each risk exposure. and suppose the firms board needs your views on the trade-off of hedging against the identified risks. Briefly discuss what kind of value can be generated by risk hedging, when risk hedging is most likely to generate value and when it is least likely to do so.