Hey this is an assignment for my international finance class. I have to read the attached case and answer the questions on the other attached document. its eight questions. all answers should be answered with complete sentences and with enough information to prove an adequate understanding of the material.

Case Questions - FX hedging strategies at GM: Competitive (operating) exposures 1. Why is GM worried about the value of the yen? What types of currency exposures does GM face? 2. Does GM's corporate hedging policy described in the case seem sensible? 3. How would you estimate volatility in the value of the yen? 4. Using one or more of the alternatives in question 3, make your own estimate of the standard deviation of the yen against the dollar at various horizons relevant to GM. 5. How important is GM's competitive exposure to the yen? 6. How would estimate a value exposure for GM from the case information about competitive interactions with Japanese firms? 7. What other less information-intensive methods might allow you to assess GM's competitive exposure? Would these methods be useful for assessing competitive exposures for other firms? How would you implement such a method? 8. How would you recommend GM manage its operating or competitive exposures